EBRD provides US$ 25 million to Uzpromstroybank
EBRD provides US$ 25 million to Uzpromstroybank
Uzpromstroybank
Support under EBRD’s
Resilience Framework The European Bank for Reconstruction and Development (EBRD) is responding to on-going challenges for Uzbekistan’s real economy caused by the Covid-19 pandemic by providing financing to local small and medium-sized enterprises through local banks. A loan of up to US$ 25 million under the Bank’s Resilience Framework, designed to tackle the economic impact of the coronavirus pandemic, will be provided to the country’s oldest lender Uzpromstroybank (UzPSB). It will stimulate lending to SMEs across Central Asia’s most populous state. The funds will be disbursed in Uzbek som to protect local businesses from foreign currency exchange-related risks.