World Bank And Uzbekistan Set To Expand FINGROW Program For Smes

(MENAFN- Trend News Agency)
TASHKENT, Uzbekistan, August 27. Uzbekistan and
the World Bank have agreed to advance new projects under the
FINGROW initiative (Financial Inclusion for Growth, Returns, and
Opportunities for Work), aimed at improving access to finance,
supporting small and medium-sized enterprises (SMEs), and expanding
quality employment opportunities, Trend reports via the Ministry of Economy and Finance
of Uzbekistan.

The agreement was reached on August 26, 2025, during a meeting
between First Deputy Minister of Economy and Finance of Uzbekistan
Ilkhom Norkulov and a World Bank delegation that included IFC
Country Manager Neil McKain and senior economist Martin Melecky,
along with other leading experts in the financial sector.

The program is expected to enhance entrepreneurship, strengthen
financial inclusion, and provide broader opportunities for business
entities across the country. Both sides confirmed their intention
to deepen cooperation, explore new joint initiatives, and continue
regular dialogue on supporting SMEs and boosting Uzbekistan’s
private sector development.

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