Uzbek Fintech Development Supported Through $20M Line of Finance Agreement

Islamic Corporation for the Development of the Private Sector (ICD) and Trustbank have signed a $20million Line of Finance Agreement. The facility will be used to finance the Uzbek private sector and fintech businesses. There will be a focus on small and medium enterprises (SMEs).

This Line of Finance facility marks the third extended by ICD to Trustbank. It aims to promote Islamic finance, improve financial inclusion. All the while, it looks to support private sector development in Uzbekistan.