(MENAFN- Trend News Agency) TASHKENT, Uzbekistan, May 2. Uzbekistan and theEuropean Bank for Reconstruction and Development (EBRD) signed anagreement on the privatization of Asakabank, Trend reports.
According to the EBRD, pre-privatization support includes thetransfer of know-how, technical assistance, and possible equityinvestment.
Earlier, Uzbekistan and the EBRD adopted a new partnershipstrategy in small and medium business, women's entrepreneurship,alternative energy, digital technologies, and others.
Meanwhile, the current loan portfolio of the EBRD projects inUzbekistan has totaled 2.4 billion euros as of February 29. Inparticular, the EBRD's loan portfolio is calculated for theimplementation of 85 projects.
The majority of the portfolio, 75 percent (1.8 billion euros),focuses on sustainable infrastructure. The remaining 18 percent(437 million euros) is directed toward financial institutions,while industry, commerce, and agribusiness account for 7 percent(182 million euros).
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