The European Bank for Reconstruction and Development (EBRD) is providing up to $50 million (€42.7 million) to Uzbekistan’s O’zsanoatqurilishbank, known as SQB, to expand lending to young entrepreneurs, as smaller businesses continue to face barriers in accessing bank credit.
The loan is being extended under the EBRD’s Youth in Business programme for Central Asia and targets micro, small and medium-sized enterprises led or owned by entrepreneurs under 35.
