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By Ben Aris in Berlin Only one in ten Uzbeks have formal access to banking credit, according to Marie-Paule Claes, an expert from the International Finance Corporation (IFC) speaking at a seminar organised by the Central Bank of Uzbekistan on March 19. Some 90% of Uzbekistan’s adult population is currently without access to formal credit facilities, pointing to a pressing need for financial sector reforms to enhance access to banking and credit services across the country. Despite a noted increase in the number of Uzbek citizens taking loans from financial institutions – from 2.36% in 2017 to …

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