EBRD promotes competition by supporting Meros Pharm
Uzbekistan, June 10 -- The European Bank for Reconstruction and Development (EBRD) is promoting competition and transparency in Uzbekistan's pharmaceutical sector by supporting the operations of its client Meros Pharm.The EBRD's senior loan of up to US$ 25 million (€21.9 million) will help the country's second largest wholesale distributor of pharmaceutical products to finance working capital needs associated with the planned regional expansion of its warehouse network. The funds will also allow Meros Pharm to better manage its stocks before and during periods of peak demand.The expansion of the privately owned and fully compliant distributor will increase competition in the sector. It will help to address logistical challenges, impro...
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