Uzbekistan - Project Financing Uzbekistan - Project Financing
There are several sources for funding procurement projects in Uzbekistan. They include government agencies, international financial institutions, publicly- and privately-financed investment funds directed towards defense conversion, venture capital funds, and grant programs. Procurement of equipment and services is either financed directly from the national budget, with financing through international financial institutions, or through assistance from various export-import banks. Uzbekistan is a member of the European Bank for Reconstruction and Development, the World Bank, the Islamic Development Bank, and the Asian Development Bank. Financing from private international banks is growing, but still uncommon for large-scale projects. In most cases, the potential contractor or exporter offers the government financing sources for a specific project, such as long-term loans with attractive terms and conditions. Uzbekistan has also established its own development bank, the Fund for Reconstruction and Development of Uzbekistan, which finances or co-finances most large-scale projects in the country.
Multilateral Development Banks
The Commercial Service maintains Commercial Liaison Offices in each of the main Multilateral Development Banks, including the Inter-American Development Bank and the World Bank. These institutions lend billions of dollars in developing countries on projects aimed at accelerating economic growth and social development by reducing poverty and inequality, improving health and education, and advancing infrastructure development. The Commercial Liaison Offices help American businesses learn how to get involved in bank-funded projects, and advocate on behalf of American bidders. Learn more by contacting the:- Commercial Liaison Office to the Asian Development Bank:
Michael Mia, Commercial Assistant, Phone: (63-2) 516 5093; (+63-2) 301-2000, Fax: (+63-2) 516-6958
- Commercial Liaison Office to the European Bank for Reconstruction and Development:
- Mary Boscia, Senior Commercial Officer and Commercial Representative to the EBRD, U.S. Embassy in London, Office Phone: 44-20-7338-7493; Fax: 44-20-7338-6487
- Commercial Liaison Office to the World Bank
Robert Peaslee, Commercial Officer and Commercial Representative, Office of the U.S. Executive Director at the World Bank, Office Phone: 202-458-0120
Barbara White, International Trade Specialist, Phone: 202-623-3822