On March 11, a business forum was held in Paris between Uzbekistan and France, where representatives from both countries’ business communities and government agencies gathered. The forum included discussions on potential areas of collaboration and identified new opportunities for growth.
One of the major highlights of the forum was the signing of an agreement between the JSC National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) and Natixis for a credit line of €200 million.
It is worth noting that, as part of the State Investment Program for 2025, NBU has been tasked with securing credit lines from international financial institutions amounting to $1.2 billion.
The funds obtained will be used to finance priority investment and infrastructure projects, such as tourism development, transportation, housing construction, services, renewable energy, modern medical facilities, airport upgrades, and support for small and medium-sized enterprises. These initiatives align with the directives of the President of Uzbekistan from December 16, 2024, which aim to create employment opportunities and increase household incomes in local communities.
The credit line is provided with insurance coverage from European export credit agencies and does not require a state guarantee from the Republic of Uzbekistan.
This agreement is expected to further enhance trade and economic cooperation between Uzbekistan and France.
UzA