Uzbekistan became a member of IFC in 1993. As of December 2007, IFC has committed nearly $68 million of its own funds and has arranged for over $12 million in syndications.
IFC has focused primarily on finance and general manufacturing. Our projects included investing in financial intermediaries such as the SEAF Central Asia Small Enterprise Fund and the Central Asia Micro and Small Enterprise Facility to help channel funds to SMEs. We extended a loan to the first joint-venture leasing company and a credit line to a local bank to provide dollar-based financing to SMEs.
IFC will continue to support financial sector capacity building, promote small and medium enterprises, and participate in privatization of strategic sectors. More on investments in Uzbekistan.
Advisory Services
Like its neighbor Kyrgyz Republic, Uzbekistan’s most active sectors for advisory programs are textile and banking. IFC has implemented projects in these areas since 1993. More recently, project managers have launched programs in new sectors such as telecommunications, where IFC is overseeing a pre-privatization program for the Government. More on advisory projects in Uzbekistan.
