The European Investment Bank (EIB) may provide Uzbekistan with first batch of loans worth total of US$ 500 million, Uzbekistan 24 channel reported.
The EIB Vice President of Vasil Hudak underscored that the bank was ready to kickstart its activities in Uzbekistan through providing of framework loans to finance water management, heat supply, energy efficiency and agriculture projects.
Uzbekistan and EIB inked a Framework Agreement on 13 October 2017 in Washington (USA) which aimed at “further strengthening cooperation with international financial institutions, attraction of foreign investments and technical assistance into the Uzbek economy.”
