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TASHKENT (TCA) — The International Finance Corporation (IFC), a member of the World Bank Group, on June 22 said it is providing a pre-privatization loan of up to $35 million equivalent in Uzbek soum to Ipoteka-bank to expand the bank’s financing to small and medium enterprises (SMEs) in Uzbekistan. The financing will also help the state-owned bank transform into a commercially viable private bank.

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