Bank of China: Five-year Cross-border RMB Loan Project with AIIB Launched in Uzbekistan's Telecommunications Sector.

On July 3, according to the Bank of China, the Bank of China and the Asian Infrastructure Investment Bank recently launched a five-year cross-border RMB loan project for the telecommunications sector in Uzbekistan, with a total financing amount exceeding 700 million RMB. The project uses RMB as the settlement currency throughout. This project focuses on the infrastructure construction of the Uzbekistan communication network.