| Project Detail |
As per section 1.4.2 (iii) of the Directive on Access to Information: For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD. The provision of an unsecured senior loan of up to US$ 25 million in the local currency equivalent or US$ to Uzpromstroybank JSCB (UzPSB). The loan will be provided in two equal tranches of up to US$ 12.5 million each, the second tranche will be uncommitted. The loan will be provided under the Youth in Business Financing Programme for Central Asia (YiBP CA), rolled into a blended finance programme under the Financial Intermediaries Framework (FIF). Project Objectives The aim of the loan is to (i) launch a new financial product targeting the youth segment thus expanding UzPSBs product offering. The new product will encompass both financing and non-financial services (NFS) targeted at young entrepreneurs, which will increase their access to finance and skills in the economy; (ii) diversify UzPSBs funding base. |
