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.
Related Articles
UAE's RAKEZ partners with ADIB to ease banking for SMEs and startups
Ras Al Khaimah Economic Zone (RAKEZ) has signed a memorandum of understanding with Abu Dhabi Islamic Bank (ADIB) to simplify bank account opening procedures for its clients, WAM reported. ... more
European Union increases humanitarian aid to Syria to €202mn
The European Union announced on May 27 an increase in humanitarian aid to Syria to more than €202mn for this year, SANA reported. The additional funding will ... more
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
10 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago