Islamic Development Bank Group Approves $40 Million to Support Small Businesses in Uzbekistan
Uzbekistan has launched a project to bolster the financial resilience of small and medium-sized enterprises (SMEs) with funding from the Islamic Development Bank (IsDB). The initiative was outlined in a decree issued by the Cabinet of Ministers on December 30, 2024.
As part of an agreement signed in April 2024, the IsDB will provide $30 million for the project, while an additional $10 million will come from its affiliate, the Islamic Solidarity Fund for Development (ISFD).
Source: Kun.Uz (link opens in a new window)
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