TASHKENT, Uzbekistan, March 17. Uzbekistan and
the European Bank for Reconstruction and Development (EBRD) put
their heads together to explore ways to reel in international
financial resources and give a leg up to entrepreneurship, Trend reports.
The matter was reviewed at a meeting between Chairman of the
Chamber of Commerce and Industry of Uzbekistan Davron Vakhabov with
representatives of the European Bank for Reconstruction and
Development (EBRD), including the bank’s principal banker, Batyr
Hudaynazarov.
During the meeting, the parties deliberated on company finance,
the execution of investment projects in critical sectors, and
support for accessing external financial markets. Particular
emphasis was placed on the creation of the Center for Assisting
Entrepreneurs in Securing International Financial Resources inside
the Chamber of Commerce and Industry. This facility is anticipated
to serve as an essential instrument for enhancing business access
to capital.
The parties also addressed initiatives in the textile sector,
encompassing the enhancement of processing capabilities, upgrading
of equipment, and the implementation of novel technologies. The
discussion also focused on the rehabilitation of dormant factories,
the solicitation of private investments, and the execution of
technological upgrading initiatives.
Another key topic was the development of financing methods for
entrepreneurs, including export financing (factoring), the
expansion of textile zones, and support for green economy
projects.
Moreover, the stakeholders conducted a comprehensive analysis of
the criteria that regional businesses are mandated to fulfill in
order to secure direct funding from the EBRD. Essential parameters
encompass fiscal clarity, a well-defined strategic framework,
robust organizational oversight, marketable export capabilities,
and adherence to global ecological regulations.
Stay up-to-date with more news on Trend News
Agency’s WhatsApp channel
