Uzbekistan National News Agency

05.09.2018 23:25

NBU and the African Export Import Bank sign a $50 million Cooperation Agreement

On September 5, 2018, a Cooperation Agreement was signed between the National Bank of the Republic of Uzbekistan for Foreign Economic Activity and the African Export Import Bank at the amount of 50 million USD, within the framework of the official visit of the President of the Arab Republic of Egypt Abdel Fattah Saeed Hussein Khalil el-Sisi to Uzbekistan.

According to the NBU, the Agreement provides for cooperation with the African Export Import Bank on trade financing, as well as opening of credit lines for financing the export of goods and services from the Arab Republic of Egypt and other African countries to the Republic of Uzbekistan.

The signed Agreement will strengthen bilateral cooperation and promote the development of trade and investment ties between Uzbekistan and Egypt and the countries of Africa.

UzA