The Export-Import Bank of Korea has signed a $160-million loan agreement with Uzbekistan’s Ministry of finance. Funds are expected to be channeled through the Economic Development Cooperation Fund Program of the Korean government.
Some $120 million of the amount will be used to build Tashkent General Hospital, with the remaining part to be spent on constructing a chemical R&D center.
The loan agreement was signed on the occasion of a Korea-Uzbek high-level summit held through a videoconference on the same day. Presidents of both countries have agreed to launch negotiations for a bilateral free trade agreement. (Uzreport/Business World Magazine)
