Signature(s)
Amount
€ 82,196,284.73
Countries
Sector(s)
Uzbekistan
: € 82,196,284.73
Credit lines
: € 82,196,284.73
Signature date(s)
23/12/2020 : € 82,196,284.73
Summary sheet
Release date
5 June 2020
Status
Reference
Signed | 23/12/2020
20200428
Project name
Promoter - financial intermediary
UZBEKISTAN - COVID19 RAPID RESPONSE TO SME-MSMES
REPUBLIC OF UZBEKISTAN
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
not applicable
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
The operation consists in a sovereign loan supporting the government of Uzbekistan to help micro, small and medium-sized enterprises (MSMEs) economically affected by the COVID-19 pandemic. The loan will be provided to the government for on-lending through acceptable financial intermediaries.
The aim is to enhance access to finance for MSMEs, now negatively affected by the COVID-19 pandemic, to finance their investment needs and other eligible expenditures. The proposed emergency loan is part of the policy and operational response of the EIB to the COVID-19 epidemic breakout outside the EU.
Environmental aspects
Procurement
In compliance with EIB environmental standards
In compliance with EIB procurement standards
Under ELM Guarantee
This operation is covered by the ELM Guarantee.