German Development Bank will provide a loan to Uzbekistan in the amount of 26.8 million euros
The German Development Bank (KfW), within the framework of the project "Financial support for small and medium-sized businesses", will allocate a loan to Uzbekistan in the amount of 26.8 million euros.
The corresponding agreement was signed within the framework of the international economic forum "Uzbekistan: Results and prospects of economic reforms", held in Tashkent.
According to the Ministry of Finance, the loan will be provided at a 2% rate for 30 years with a 10 year grace period.
Loan funds will be allocated to all entrepreneurs in all sectors of the economy for a period of at least 3 years and in the amount of no more than 400 thousand euros.