Policy Brief #3, 2007: Export Financing in Uzbekistan: Focus on Manafactured Goods

03 Nov 2007
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Summary

At the moment, export financing in Uzbekistan involves standard commercial bank credits at the stage of manufacturing products for export. There are four major tools for financing export contracts: 100% prepayment, letters of credit (L/C), insurance policies and bank guarantees. However, there is a lack of financing tools for higher value added export products. Increasing the export of such products requires: (a) significant financial resources at the manufacturing stage; (b) resolution of a number of problems related to the utilization of available export financing tools; and, (c) more specialized support for the marketing, transportation and delivery of such commodities.

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