Uzbekistan signs loan agreements for US$945 million with IFIs in 3Q

Askar Yakubov · 15:59, 27.10.2017 · Updated 23:23 · 348 views

Tashkent, Uzbekistan (UzDaily.uz) -- The Government of Uzbekistan signed four loan agreements for US$944.9 million with international financial institutions and donor countries in the third quarter of 2017. Total cost of projects is US$3.5 billion.

The Asian Development Bank (ADB) provided US$500 million for implementation of the “Program for construction of affordable houses on updated standard projects in rural areas in 2017-2021. Phase-2”. The cost of the project is US$2.74 billion.

The project envisages provision of mortgage loans for construction of 29,000 residential buildings in rural areas.

The World Bank allocated US$150 million for the project “Development of the Livestock Sector in the Republic of Uzbekistan”. The project’s cost is US$227.82 million.

Uzbekistan and the World Bank also signed loan agreements within the framework of the projects “Modernization and reconstruction of main network substations” and “Water resources management in Ferghana Valley. Phase-2”. Within the framework of the first project, the bank granted a loan for US$150 million to Uzbekistan and the second loan - US$144.9 million.

The cost of the first project is US$292.15 million and the second project is US$228.2 million.

Askar Yakubov

Askar Yakubov is a professional photojournalist with extensive experience in news and reportage photography. He specializes in fast-paced coverage of social, political, cultural, international, business, and community events, with a sharp eye for capturing expressive shots and conveying the atmosphere of an event under tight time constraints. His skill set spans reportage, portrait, and documentary photography, along with image editing and color correction, and preparing photo materials for media and digital platforms. He is known for his professionalism, adherence to editorial standards, and ability to work both independently and as part of a shooting team.