A review of the investment portfolio of the JICA takes place
10/03/2020 20:34
A review of the investment portfolio of the JICA takes place
10/03/2020 20:34
Tashkent, Uzbekistan (UzDaily.com) -- On 10 March 2020, the leadership of the Ministry of Investment and Foreign Trade, represented by Minister Sardor Umurzakov, together with representatives of the Japan International Cooperation Agency (JICA), represented by the head of the organization’s representative office in Uzbekistan, reviewed the current portfolio of investment projects.
The event was also attended by the leadership of the diplomatic mission of Japan in the Republic of Uzbekistan and the responsible heads of the involved ministries and departments.
As part of the discussion, a comprehensive review of the implementation of ongoing projects involving credit and grant resources of JICA was undertaken.
The leadership of the Ministry emphasized the need to formulate a fundamentally new approach to the implementation of these projects, eliminating the risks of delays in the development of allocated funds and disruption of the indicated deadlines.
With a thorough analysis of the progress of project implementation, existing issues were identified and ways to solve them were jointly selected.
Currently, the portfolio of Japanese partners includes a number of strategic projects in the field of energy, healthcare, agriculture, human resources training, development of the transport sector and infrastructure. Given the positive dynamics in the development of cooperation and appreciating the prospects for further partnership, the parties considered the prospect of increasing the volume of financing of projects in Uzbekistan and their diversification with the coverage of new priority sectors.
Concrete project proposals for the construction of large-scale projects in the field of energy, the development of the horticulture sector of the republic, as well as the reconstruction and modernization of agricultural infrastructure were considered.
Following the meeting, it was agreed to conduct regular monitoring of projects with the participation of organizations and departments.
The total package of investment, financial and technical cooperation with JICA is more than US$4 billion. In addition, since 1993, about 80 projects worth US$230 million have been implemented in Uzbekistan through gratuitous assistance (grants).
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