Central Bank of Uzbekistan authorizes establishment of Chinese Export-Import Bank office   — Daryo News

Central Bank of Uzbekistan authorizes establishment of Chinese Export-Import Bank office

The Central Bank of Uzbekistan (CBU) has officially accredited a representative office of the Export-Import Bank of China. This establishment aims to enhance the understanding of Uzbekistan’s financial market and foster collaboration with governmental bodies and commercial banks.

Photo: The Export-Import Bank of ChinaSource: Freepik

In January 2024, President Shavkat Mirziyoyev of Uzbekistan held discussions with Wu Fulin, the Chairman of the Export-Import Bank of China. The meeting highlighted the existing portfolio of joint projects in Uzbekistan, which has reached a total of $3.5bn.

The bank expressed its intention to initiate new projects aimed at the development of transport and social infrastructure, as well as the industrial and private sectors.

Established in 1994, the Export-Import Bank of China serves as a significant financial institution that supports foreign trade and fosters international economic cooperation. With assets surpassing $800 bn, it is recognized as China’s leading institution for providing financial services related to international trade.

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