The European Bank for Reconstruction and Development (EBRD) has allocated a senior local currency loan of up to $2.8mn in Uzbek sum-equivalent to Uzbek Healthline, a producer and trader of disposable medical goods, for the launch of a third production line dedicated to the manufacture of single-use medical gloves.
The funds in local currency are expected to protect the borrower from foreign-exchange-related risks.
"The new production line will be commissioned in the first quarter of 2021 and will help expand Healthline’s principal production site in Tashkent," the EBRD said.
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