MUFG to support info and comm infrastructure projects in Uzbekistan

MUFG will work with authorities to increase capacity for organising internet channels, amongst others.

MUFG Bank has inked a framework agreement with the Ministry of Digital Technologies (MDT) of Uzbekistan to strengthen their cooperative partnership and collaboration in finance.

The partnership aims to support projects in the information and communication infrastructure of Uzbekistan, MUFG said in a press release published on 19 August.

Through the FA, MUFG and MDT will work together to expand information and communication infrastructure in order to increase the capacity for organizing internet channels, voice, and other telecommunications services in Uzbekistan.

MUFG Bank has also signed a loan agreement with JSC “Uzbektelecom” in Uzbekistan for Buyer’s Credit (Export Loans) through a co-financing arrangement with the Export Credit Agency (ECA) in Japan in January 2023.