Isdb Expresses Readiness To Continue Supporting Projects In Uzbekistan
Date
11/7/2024 12:11:13 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 7. On November 6,
Laziz Kudratov, Minister of Investment, Industry, and Trade of
Uzbekistan, held virtual discussions with Muhammad Al Jasser,
President of the Islamic Development bank (IsDB), Trend reports, citing the
ministry.
During the talks, both sides reviewed the progress of the IsDB
Country Strategy for Uzbekistan for 2022-2026. Overall, investment
inflows are progressing according to plan, having reached 50% of
the total $1.2 billion target set for the end of 2026. Furthermore,
private sector support projects, implemented by the IsDB's
subsidiary ITFC (International Islamic Trade Finance Corporation),
are advancing faster than expected, achieving 90% of planned
targets - two years ahead of schedule.
The parties also discussed the next steps for implementing new
collaborative projects in energy, transport infrastructure,
irrigation and water resource management, education, and healthcare
under public-private partnership (PPP) frameworks.
IsDB leadership reiterated their commitment to fully supporting
these initiatives, including additional funding for innovation and
technological upgrades as Uzbekistan progresses toward a "green"
economy.
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