The documents were signed within the 37th IDB Group Annual Meeting in Sudan on 4 April 2012.

In particular, the ICD will issue US$5 million facility to Ipak Yuli Bank and $5 million facility to Uzbek Industrial and Construction Bank (Uzpromstroybank).

Since 2006, the ICD has signed financing agreements with seven local financial institutions for a total of US$72 million LOF facility approved by the ICD board of directors for the development of small and medium enterprises (SMEs) in Uzbekistan.

The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral organization, affiliated with the Islamic Development Bank (IDB) Group. Its shareholders are the IDB, 45 Islamic member countries, and 5 public financial institutions from member countries. ICD was established by the IDB Board of Governors during their 24th annual meeting held in Jeddah in November 1999. The head office of ICD is in Jeddah, Kingdom of Saudi Arabia. Uzbekistan joined ICD in 2004.