Uzbekistan: IFC issues first-ever local-currency bond to support Uzbek SMEs
- Written by TCA
TASHKENT (TCA) — IFC, a member of the World Bank Group, has issued its inaugural bond in Uzbek national currency, the Soum, raising UZS 80 billion — ten million USD equivalent — to expand lending for micro, small and medium enterprises in Uzbekistan. This is the first-ever Uzbek Soum-denominated transaction issued in the international markets, the IFC said.
