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EBRD newsletter - Friday 04 June


EBRD President pays first visit to Morocco
EBRD President Odile Renaud-Basso made her first official visit to Morocco in a virtual format on 24 and 25 May. She held high-level meetings with the Moroccan authorities, the business community and civil society. Meetings focused on Morocco’s post-Covid-19 recovery and EBRD investments to support it.
In an interview with the newspaper Aujourd’Hui le Maroc, the EBRD President said: “The EBRD’s new strategic framework focuses on three main priorities, namely the strengthening of social cohesion and the reduction of regional disparities for an inclusive growth, the facilitation of a private sector led economy by improving competitiveness and supporting Morocco s governance reform programme as well as increasing the transition to the green economy through more sustainable energy and infrastructure.” ....

France General , Al Iskandariyah , Serbia General , Greece General , National Bank , Al Qahirah , Banca Comerciala Romana , Jonathan Charles , Kamel Al Wazir , Yannick Glemareck , Aujourdhui Le Maroc , Indorama Agro , Szczepan Twardoch , Odile Renaud Basso , Beata Javorcik , Jason Furman , Ohridska Banka , Matteo Patrone , Green Climate Fund , Erste Bank , Global Environment Facility Trust Fund , Northern Dimension Environmental Partnership , European Union , Green Energy Finance Facility , Bucharest Stock Exchange , Technology Transfer Centre For Climate Change ,

EBRD helps Indorama introduce advanced cotton farming technologies in Uzbekistan


EBRD helps Indorama introduce advanced cotton farming technologies in Uzbekistan
EBRD helps Indorama introduce advanced cotton farming technologies in Uzbekistan
Introduction of new farming technologies
Parallel loan by IFC, support by FINTECC
The European Bank for Reconstruction and Development (EBRD) is supporting the modernisation of agriculture and enhanced economic opportunities for the local population in Uzbekistan with a financing package of up to US$ 70 million to Indorama Agro (Indorama).
The package will consist of a US$ 60 million capital expenditure loan and a US$ 10 million working capital loan in Uzbek sum equivalent. It will support the operations of Indorama, an established cotton industry player engaged in rotational crop farming, a systematic approach to selecting locations and cycles of crop planting. ....

Indorama Agro , World Bank Group , Indorama Corporation , International Labour Organization , Global Environment Facility Trust Fund , International Finance Corporation , Shareholder Special Fund , Technology Transfer Centre For Climate Change , European Bank , World Bank , Technology Transfer Centre , Climate Change , Global Environment Facility Trust , Special Fund , Singapore Headquartered Indorama Corporation , உலகம் வங்கி குழு , இந்தோரமா நிறுவனம் , சர்வதேச தொழிலாளர் ஆர்கநைஸேஶந் , உலகளாவிய சூழல் வசதி நம்பிக்கை நிதி , சர்வதேச நிதி நிறுவனம் , பங்குதாரர் சிறப்பு நிதி , தொழில்நுட்பம் பரிமாற்றம் மையம் க்கு காலநிலை மாற்றம் , ஐரோப்பிய வங்கி , உலகம் வங்கி , தொழில்நுட்பம் பரிமாற்றம் மையம் , காலநிலை மாற்றம் ,

EBRD and Hamkorbank help set up new production line in Samarkand


EBRD and Hamkorbank help set up new production line in Samarkand
EBRD and Hamkorbank help set up new production line in Samarkand
EBRD and Hamkorbank support Uzbek packaging producer Midas Plastics

GEF US$ 204,000 grant through the Bank’s FINTECC to finance sustainable packaging technologies
Dairy products producers will have a greater variety of packaging at their disposal following the installation of a modern production line by Midas Plastics financed by the EBRD and Hamkorbank.
The company is a new producer based in Samarkand, the second-largest city in the country. In a joint transaction with the EBRD, Hamkorbank is providing a loan of up to €2.92 million to Midas Plastics, while 60 per cent of the risk on the loan will be shared by the EBRD under a Risk Sharing Facility signed between the financial institutions. ....

Technology Transfer Centre For Climate , Technology Transfer Centre For Climate Change , Global Environment Facility Trust Fund , Midas Plastics , Risk Sharing , Technology Transfer Centre , Climate Change , Risk Sharing Facility , Global Environment Facility Trust , தொழில்நுட்பம் பரிமாற்றம் மையம் க்கு காலநிலை , தொழில்நுட்பம் பரிமாற்றம் மையம் க்கு காலநிலை மாற்றம் , உலகளாவிய சூழல் வசதி நம்பிக்கை நிதி , மிடாஸ் பிளாஸ்டிக் , ஆபத்து பகிர்வு , தொழில்நுட்பம் பரிமாற்றம் மையம் , காலநிலை மாற்றம் , ஆபத்து பகிர்வு வசதி , உலகளாவிய சூழல் வசதி நம்பிக்கை ,