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