On April 25, 2025, in Beijing, the JSC National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) and the China Development Bank (CDB) signed an agreement to open a credit line of 2 billion yuan (equivalent to $274 million).

The agreement was signed to implement the 2025 State Investment Program, under which NBU has been tasked with attracting credit lines from international financial institutions totaling $1.2 billion.

The attracted funds will be allocated to finance priority investment and infrastructure projects in Uzbekistan. These include the development of transport and tourism infrastructure, housing construction, the service sector, alternative energy, the construction of modern medical facilities, and the modernization of airports. Special attention will also be given to supporting small and medium-sized enterprises.

The credit line is provided in Chinese yuan without the involvement of the export credit agency Sinosure and a state guarantee from the Republic of Uzbekistan. This reflects a high confidence level in the country’s financial stability and the NBU’s reputation as a reliable partner. 

UzA