FCI ’s Post

🇺🇿 Uzbekistan pioneers supply chain finance to reinvigorate small business ecosystem 🏪 Small and medium-sized enterprises (SMEs) are the backbone of any national economy, a characteristic that is pertinent in Uzbekistan. Not only do SMEs account for almost 50% of the national GDP, but they also employ almost 80% of the workforce—the biggest source of employment in a nation where unemployment is high, at around 7%.  ✍️ After TFG attended the ‘Exploring Receivables and Payable Finance’ conference in Tashkent, Uzbekistan, our Editorial Assistant, Mahika Ravi Shankar, gave us insights about Uzbekistan’s SMEs and supply chain finance based on a panel featuring Çağatay Baydar, Chairman of FCI, Neil McKain, Uzbekistan’s Country Director for IFC, and Fevzi Tayfun Kucuk, SCF Technology Consultant at IFC. ⬇️ Link in the comments section below. #SMEs #supplychainfinance | IFC - International Finance Corporation | FCI