📋 Tender Overview
Project Name
UzMRC Inclusive Mortgage Market Development Facility Project
Project Number
58383-001
Borrower / Company
Joint Stock Company Mortgage Refinancing Company of Uzbekistan
Country / Economy
Uzbekistan
Location
Nation-wide
Type or Modality of Assistance
Approval Number Facility Fund Source Amount Status
4585 Loan Ordinary capital resources USD 30.00 million Committed
Sector / Subsector
Finance / Housing finance
Gender
Project Sponsor(s)
Description
Objectives and Scope
The transaction involves a local currency synthetic loan of up to the SUM equivalent of $30,000,000 to Mortgage Refinancing Company of Uzbekistan (UzMRC) for the Inclusive and Green Mortgage Market Development Facility in Uzbekistan. The loan will provide long-term funding to enhance the mortgage liquidity in the country by refinancing commercial banks' eligible residential mortgages in both primary and secondary markets. The project will increase the availability of mortgage loans, focusing on the needs of women and youth and green renovation mortgages in Uzbekistan.
Status of Development Objectives
The project was signed on 1 April 2025 and is fully disbursed.
Status of Operation/Construction
The project was signed on 1 April 2025 and is fully disbursed.
Linkage to Country/Regional Strategy
The project is aligned with two main pillars of country partnership strategy for 2024-2028: (1) facilitate transition to a green economy, and (2) support private sector and competitiveness development. Further, this project builds on ADB's sovereign engagement with the company and offers a holistic solution to UzMRC and residential housing market of Uzbekistan by integrating policy engagement and capacity building with the non-sovereign sector financing
