Uzbekistan, World Bank Examine New Alternative Finance Instruments
Date
9/13/2024 3:08:29 AM
(MENAFN- Trend News Agency)
TASHKENT, Uzbekistan, September 13. Uzbekistan
and the World bank (WB) discussed the application of new
alternative finance instruments in the country, Trend reports.
The matter was reviewed during a meeting between Uzbekistan's
Deputy Prime Minister, Minister of Economy and Finance Jamshid
Kuchkarov and the World Bank delegation led by the Bank's Regional
Director for Central Asia Tatiana Proskuryakova.
During the meeting, the sides discussed the prospects of
cooperation for the current and subsequent years. In addition,
issues of cooperation in the water and energy sectors were
discussed.
The parties also noted the issues of developing innovative
financing mechanisms that promote regional development.
At the same time, the participants highlighted the significant
success in cooperation, and an increase in the number and
improvement in the quality of joint projects in various sectors of
the economy.
Meanwhile, the World Bank has transferred the first tranche of
funds in the amount of $7.5 million for the application of the
innovative carbon resources for energy reforms project (iCRAFT) in
Uzbekistan.
The iCRAFT project is breaking new ground as the first global
initiative to lend a helping hand in energy reforms in Uzbekistan,
with the World Bank in the driver's seat.
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