Exploring New Financing Tools for Sustainable Development in Uzbekistan
Tashkent, Uzbekistan (UzDaily.com) -- On 23 November, with the initiative of the United Nations Development Program and in cooperation with the Ministry of Finance, an international conference was held on the topic "SDGs and new tools for the mobilization of resources".
During this event, an open dialogue with the representatives of Ministry of Finance of the Republic of Uzbekistan, the Ministry of Economic Development and Poverty Reduction, Sectoral ministries and government agencies that are actively implementing the SDGs, international development partners, as well as experts from Mexico and Indonesia, made it possible to explore the world experience of introducing new tools for financing sustainable development.
The position of the deputy minister of Finance of the Republic of Uzbekistan in the presentation on the topic "Financing of SDG projects: key achievements in the mobilization of resources of the private sector and global investors" was highlighted by the fact that "green", stability and social bonds can help to accelerate the achievement of national SDGs.
At the same time, it was discussed the issues such as Uzbekistan's achievements in achieving the Sustainable Development Goals and how the mobilization of additional resources can help accelerate this process.
The Cabinet of Ministers of the Republic of Uzbekistan adopted Resolution №841 from October 20, 2018 “On measures for the implementation of national goals and objectives in the field of Sustainable Development in the period up to 2030” on achieving the Sustainable Development Goals of the United Nations until 2030.
By the decree of the President of the Republic of Uzbekistan № PD-5635 dated 17 January 2019, the Sustainable Development Goals of the UN are included in the list of 24 priority international ratings and indexes of the Republic of Uzbekistan.
Noting that the funds in the amount of 2 trillion soums from the first international bonds in the national currency attracted on November 19, 2020 are spent on development projects aimed at combating poverty, promoting a healthy lifestyle and quality education, accelerating the provision of gender equality, creating opportunities for the use of clean drinking water, supporting suitable working conditions and economic growth, as well as increasing the stability of infrastructure, the results of the selected projects were shared.
After the conference, a three-day workshop on capacity building for network ministries and agencies will be held.