ICIEC has played a key role in supporting a cross-border telecommunications transaction in Uzbekistan, facilitating the delivery, supply, and installation of telecom equipment and software under a Frame Goods Supply Contract.
In this context, ICIEC has supported the export of telecommunications equipment by a major Chinese supplier to a telecom operator in Uzbekistan by providing a 17-month Comprehensive Non-Payment Insurance (Specific Transaction Policy – STP).
The transaction, with a maximum insured amount of EUR 3.2 million, supports the supply, installation, and integration of telecommunications equipment and related software, strengthening digital infrastructure and enhancing connectivity across Uzbekistan. The initiative contributes to improving network efficiency, expanding user reach, and enabling access to essential services. ICIEC’s strategic role in this transaction highlights its engagement in facilitating infrastructure projects by providing tailored risk mitigation solutions that support trade flows and sustainable economic development. Through this support, ICIEC enables the advancement of telecommunications infrastructure while contributing to measurable development outcomes.
The expected development impact includes enhanced digital connectivity, improved access to services, and support for economic growth. The project is also expected to facilitate technology transfer, support job creation, and promote private sector development.
The project aligns with the United Nations Sustainable Development Goals, including SDG 9 (Industry, Innovation and Infrastructure) through the expansion of digital infrastructure and connectivity, and SDG 8 (Decent Work and Economic Growth) by supporting job creation and economic activity enabled by improved telecommunications services.
ICIEC’s risk coverage plays a critical role in enabling exporters to extend competitive payment terms while mitigating nonpayment risk. This support helps unlock trade flows into emerging markets and reinforces confidence among stakeholders involved in cross-border transactions. Through this transaction, ICIEC reaffirms its commitment to supporting infrastructure development and fostering sustainable growth across its Member States.