Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

08 May 2002



PSD disclosed:

21 Mar 2002

Project Description

Within a framework structure, the EBRD extends credit lines directly to selected Uzbek partner banks (PBs), which on-lend the funds exclusively to micro and small enterprises (MSEs). To enable Uzbek banks to successfully engage in MSE lending throughout their branch network with the help of specialised technical assistance for training and institution building; attain broad regional and target group coverage by providing MSEs with reliable access to financing.

Transition Impact

High transition impact is expected due to institution building and strengthening of participating banks; provision of continuous access to reliable finance to micro and small enterprises including those in remote, rural and economically depressed regions. The Programme would provide a model to the local banking sector to engage in MSE finance. The Programme would also assist in identifying legal and regulatory impediments for MSE finance and address the findings with government in order to foster the development of the private sector and an open economy.

The Client

The J-USBP is a sovereign-guaranteed framework with a focus on selected local commercial banks that meet standard eligibility criteria. The Programme builds upon the experience gained in the J-USBP Pilot. So far loan agreements were signed with two partner banks: Hamkor Bank ((USD 2 million) and Pakhta Bank (USD 7 million). The selection process for additional banks will be finalised in 2002 while it is intended that the entire Programme will involve at least four partner banks.

EBRD Finance

Sovereign-guaranteed credit line of up to US$ 20 million (€21.4 million) which will be co-financed by the International Finance Corporation (IFC).

Project Cost

US$ 20 million, which will be co-financed by IFC.

Environmental Impact

PBs will carry out their operations in accordance with the EBRD's "Environmental Procedures for Small and Micro Loans". In implementing these procedures, they will assess potential environmental issues associated with sub-projects, which are required to comply, at a minimum, with local/national health, safety, environmental and public consultation requirements.

Technical Cooperation

US$ 5 million was allocated from the Japan-Europe Co-operation Fund (JECF) for training of the credit personnel and institution building within all PBs. TC will also support regional expansion and entrance of additional PBs during 2002 and beyond.

Company Contact


Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Share this page: