National Bank JSC and British Standard Chartered Bank signed an agreement for $100 million

According to the report of “UzDaily.uz” reports, on July 6 this year, within the framework of the week of initiatives of the international partnership “New Uzbekistan: development, innovation and education”, the Joint Stock Company “National Bank for Foreign Economic Affairs of the Republic of Uzbekistan” organized an international conference “Investor Day” – “The investment potential of the New Uzbekistan”.

On the sidelines of this event, National Bank JSC entered into an agreement to attract a credit line with the leading British bank Standard Chartered Bank under the cover of the global export credit agency Multilateral Investment Guarantee Agency (MIGA).

The key advantage of the MIGA export credit agency is the absence of a requirement for a specific country content, which allows you to flexibly structure the possibility of financing promising projects.

The Standard Chartered Bank credit line will be used to finance investment projects for small and medium-sized businesses in such areas as alternative energy, electrical engineering, textiles, transport, telecommunications and others. As a result of the implementation of these projects, the creation of new jobs, the production of export-oriented products with high added value and import substitution will be ensured.