UZBEK LOANS

BY KEITH NUTHALL
THE FUTURE provision of European Bank for Reconstruction and Development (EBRD) loans to large textile product producers in Uzbekistan is in doubt, following a decision to concentrate future funding on private sector initiatives. Publicly owned textile businesses in the country's state-dominated economy would only get money for cross-border initiatives involving neighbouring countries. The bank and OPEC last year lent US$18 million to finance a Turkish-owned textile plant in Uzbekistan.



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