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EBRD and Hamkorbank support dairy industry in Uzbekistan
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EBRD and Hamkorbank support Uzbek dairy producer Tillo Domor
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EBRD President pays first visit to Morocco EBRD President Odile Renaud-Basso made her first official visit to Morocco in a virtual format on 24 and 25 May. She held high-level meetings with the Moroccan authorities, the business community and civil society. Meetings focused on Morocco’s post-Covid-19 recovery and EBRD investments to support it. In an interview with the newspaper Aujourd’Hui le Maroc, the EBRD President said: “The EBRD’s new strategic framework focuses on three main priorities, namely the strengthening of social cohesion and the reduction of regional disparities for an inclusive growth, the facilitation of a private sector led economy by improving competitiveness and supporting Morocco s governance reform programme as well as increasing the transition to the green economy through more sustainable energy and infrastructure.”
EBRD helps Indorama introduce advanced cotton farming technologies in Uzbekistan
EBRD helps Indorama introduce advanced cotton farming technologies in Uzbekistan
Introduction of new farming technologies
Parallel loan by IFC, support by FINTECC The European Bank for Reconstruction and Development (EBRD) is supporting the modernisation of agriculture and enhanced economic opportunities for the local population in Uzbekistan with a financing package of up to US$ 70 million to Indorama Agro (Indorama). The package will consist of a US$ 60 million capital expenditure loan and a US$ 10 million working capital loan in Uzbek sum equivalent. It will support the operations of Indorama, an established cotton industry player engaged in rotational crop farming, a systematic approach to selecting locations and cycles of crop planting.
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