Uzbekistan to Attract 17,3m EUR from KfW to Develop Small Business
OREANDA-NEWS. April 20, 2009. In 2009 the Uzbek government is going to attract loans worth 17.3 million euros from the German bank KfW to loan small business, reported the Official website investuzbekistan.uz.
A preliminary agreement has been reached on issuing the loans under intergovernmental Uzbek-German agreements on financial cooperation and a programme on supporting the Uzbek financial sector.
There are plans to channel the loans worth 12.3 million euros into financing small business projects, and 5 million euros - into mortgage.
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