Uzbekistan to establish Export Support Fund
The organization will also provide guarantees for bank loans allocated for pre-export financing, including working capital, in the amount of up to 50% of the loan amount, but not more than $770 thousand.
Uzbekistan`s export will be strengthened, as President Shavkat Mirziyoyev on October 21 signed a decree to establish Export Support Fund.
The new structure, as expected, will support exporting companies until January 1, 2022.
The fund will provide exporters with compensation for loans for pre-export financing, including up to 50% amount of working capital.
The organization will also provide guarantees for bank loans allocated for pre-export financing, including working capital, in the amount of up to 50% of the loan amount, but not more than $770 thousand.
For all above purposes, the fund will be allocated $100mn.
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