Uzbekistan, Nov. 27 -- The European Bank for Reconstruction and Development (EBRD) is providing a synthetic local-currency facility of up to US$ 40 million (€34.5 million) to Mortgage Refinancing Company of Uzbekistan (UzMRC), the only domestic mortgage refinancing institution. The loan will enable UzMRC to secure a continuous flow of medium-term local-currency funding, thereby supporting the development of a commercially viable and standardised residential mortgage market in Uzbekistan. It will also strengthen UzMRC's role as a key institution in driving long-term mortgage market development, improving access to affordable housing finance and catalysing private-sector participation in the market.A significant portion of the project's...