EBRD supports mortgage market development in Uzbekistan
The European Bank for Reconstruction and Development (EBRD) is providing a synthetic local-currency facility of up to $40 million (€34.5 million) to Mortgage Refinancing Company of Uzbekistan (UzMRC), the only domestic mortgage refinancing institution. The loan will enable UzMRC to secure a continuous flow of medium-term local-currency funding, thereby supporting the development of a commercially