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Uzbekistan Reconstruction and Development Fund PDF Print

In May of 2006 the President of Uzbekistan announced plans to establish the Uzbekistan Reconstruction and Development Fund. The equity capital of the fund has been set at 1 billion USD and should be fully funded by 2009. As of 1 January 2007, the fund had already more than 500 million USD in equity capital. This new institution is expected to take the place of the NBU and Asaka Bank in providing new government-guaranteed loans and equity investments to strategic sectors. The fund will provide debt financing for the modernization and technical upgrading of strategically important enterprises such as the energy, chemicals, machinery and non-ferrous metallurgy sectors.

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Last Updated ( Friday, 23 November 2007 )