Shorouk Express
TASHKENT, Uzbekistan, January 27. The European
Bank for Reconstruction and Development (EBRD) is proud to announce
the signing of two new loans in Uzbekistan, aimed at fostering
growth in the country’s small and medium-sized enterprises (SMEs)
while promoting sustainability, Managing Director of SME Finance
and Development at EBRD Zsuzsanna Hargitai wrote on LinkedIn,
Trend reports.
These loans are made possible through the bank’s risk-sharing
agreement (RSF) with JSCB Hamkorbank.
The first loan, valued at $1.1 million, will support Dolores
Travel Group in expanding its tourist fleet. In addition to the
loan, the financing includes an outcome-linked grant that is tied
to sustainability performance indicators (KPIs), encouraging the
company to integrate sustainable practices into its operations.
The second initiative focuses on strengthening the agribusiness
sector, with a 200,000-euro grant provided to Ermak, a BlueRibbon
company, as part of the EBRD’s Agrifood Nexus Programme funded by
Germany. This grant complements a 1.9 million euros RSF loan
provided to Ermak earlier this year, which supports the company’s
investment in energy-efficient technology for processing nuts,
seeds, fruit products, and dairy.
Meanwhile, the loan portfolio of the EBRD projects in Uzbekistan
has totaled 3 billion euros as of November 30, 2024.
