The working group led by the Chairman of the Board of the National Bank of Uzbekistan (NBU) met with the Executive Vice President of the China Development Bank (CDB), in Beijing.

The parties analyzed the progress of the implementation of current major investment and infrastructure projects, as well as projects in small and medium-sized businesses. Currently, more than 650 projects in transport, energy, industry and other areas of SMEs have been implemented jointly with the CDB.

The main issue on the agenda was the discussion of the issue of joint financing of the project for the purchase of passenger buses for 1.8 billion yuan. The suppliers of buses and electric buses within the framework of this project are the largest manufacturers in China, such as King Long, YUTONG, FOTON, and others.

Following the meeting, an agreement was reached on the provision by the CDB of a new credit line to the NBU to finance this project as part of a special CDB loan for member banks of the SCO IBO.

UzA