MUFG signs framework agreement with the Ministry of Digital Technololgies of Uzbekistan

MUFG Bank, a consolidated subsidiary of Mitsubishi UFJ Financial Group, has signed a Framework Agreement (“FA”) with the Ministry of Digital Technologies (“MDT”) of Uzbekistan, taking the opportunity of the “Central Asia plus Japan” Dialogue and Summit Meeting. Through the FA, both parties aim to expand information and communication infrastructure within Uzbekistan in order to increase the capacity for organizing Internet channels, voice, and other telecommunications services.

The purpose of this FA is to deepen the relationship between MUFG Bank and MDT through discussions pertaining to efforts by which the two parties can strengthen their cooperative partnership and collaboration in finance, with the aim of supporting projects in the information and communication infrastructure sector of 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. Under Uzbekistan’s digitalization strategy framework, “Digital Uzbekistan 2030,” this FA is expected to support the further expansion of the country’s communications network by accelerating and increasing the capacity of its telecommunications infrastructure, as well as by further improving the quality of communications.

MUFG Bank will continue to provide additional support to promote digital transformation in emerging countries though collaboration with Japanese public financial institutions and international organizations.

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