The course of cooperation with the Asian Infrastructure Investment Bank was discussed
Tashkent, Uzbekistan (UzDaily.com) -- On 27 January this year, Deputy Prime Minister - Minister of Investments and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov met with Vice President of the Asian Infrastructure Investment Bank (AIIB) Konstantin Limitovsky.
During the meeting, the current state of cooperation, the implementation of AIIB projects in Uzbekistan, as well as promising areas for further deepening the partnership were discussed.
It was noted that over the past two years, the financial and technical cooperation between Uzbekistan and the AIIB has significantly intensified: a portfolio of 14 investment projects in the areas of improving rural infrastructure, water supply and sanitation, reconstruction of roads, development of healthcare and energy for a total of US$2.8 billion, which is the highest indicator for AIIB projects in the countries of Central Asia.
Further steps have been outlined to accelerate the implementation of ongoing projects, as well as the coordination of projects under consideration. The parties paid special attention to the sector of infrastructure development, noting that in this direction there is a significant potential for the implementation of new significant projects.
As part of the negotiation agenda, the prerequisites for deepening cooperation between the AIIB and commercial banks of Uzbekistan were studied, meaning the allocation of credit lines for the implementation of projects aimed at developing industries and regions and increasing the level of socio-economic development of the country, as well as attracting Bank resources to finance private companies implementing projects in Uzbekistan.
Opportunities for establishing practical cooperation between the Agency for International Cooperation and Development and the AIIB were also considered to ensure the effective implementation of joint investment projects and programs.
In addition, the prospect of organizing the AIIB Annual Meeting of the Board of Governors in 2024 in Uzbekistan was discussed and further actions were identified to develop this initiative.
As a result of the meeting, an agreement was reached to intensify joint work in order to accelerate the promotion of practical interaction in all the areas of cooperation considered.