China to give a 250 million dollars credit to the National Bank of Uzbekistan

According to representatives of the local media, the representatives of the National Bank of Uzbekistan and the State Development Bank of China signed a 250 million dollars credit agreement in Beijing at the summit of the Shanghai Cooperation Organization on June 5. The funds which will be allocated by the Bank of China will be invested in the development of medium-sized businesses in Uzbekistan.

Recall, it should be noted that investment of China investment in Uzbekistan currently exceeds 8 billion dollars. Moreove, there are more than 700 enterprises with Chinese capital operating in the country. Among of them 90 enterprises are owned by 100% Chinese companies.

Translated by Nazerke Syundyukova

“The Qazaq Times”