2025.12.23
On December 15, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Joint-Stock Innovation Commercial Bank “Ipak Yuli” (hereinafter referred to as “IYB”) and held a signing ceremony in the capital city Tashkent of the Republic of Uzbekistan on December 22. Representing both parties, Mr. Saidabror Saydakhmedov, Chairman of the Board and CEO of IYB, Chief Representative Yoshibumi Bito of JICA Uzbekistan Office, and other officials attended the ceremony.
The loan is co-financed with the International Finance Corporation (IFC). The project was also acknowledged in the joint statement published during the Japan-Uzbekistan Summit Meeting on December 20.
This project supports the sustainable economic growth of this resource-rich country experiencing significant population growth.
Signing Ceremony
The project outline is explained below.
- Borrower
Joint-Stock Innovation Commercial Bank “Ipak Yuli”
- Country (Target Areas)
Republic of Uzbekistan
- Loan Amount
25 million USD
- Project Title
Project to promote financial inclusion for micro, small and medium-sized enterprises especially youth and women-led MSME
- Project Purpose
The project aims to improve access to finance for micro, small and medium-sized enterprises (MSMEs) in Uzbekistan, including young entrepreneurs and women-led MSMEs, by providing loans to IYB, a private commercial bank. This will contribute to sustainable economic growth.
- Project Component
Financing for this project will be allocated through IYB to MSMEs across Uzbekistan, including those run by youth-MSMEs and woman-led MSMEs. At least 50% of the JICA financing will be allocated to these MSMEs.
- Contribution to SDGs
Goal 5（Gender Quality）
Goal 8（Decent work and economic growth ）
Goal 17（Partnerships for the goals ）
- Reference
JICA and other G7 development finance institutions participate in the “G7 2X Challenge: Financing for Women” initiative, which aims to leverage funding to promote women’s economic empowerment through entrepreneurship, leadership development, and labor market participation. Since IYB actively finances woman-led MSMEs, this project also contributes to the 2X Challenge initiative.
＜References / Official Website of 2X Challenge＞
Market where IYB customers operate
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