Uzbekistan and IFC Discuss Major Infrastructure and Finance Projects

Tashkent, Uzbekistan (UzDaily.com) — On 8 April, a meeting was held in Tashkent between Lisa Kaestner, the Regional Director of the International Finance Corporation (IFC) for Kazakhstan, Türkiye, and Uzbekistan, and Jamshid Kuchkarov, the Vice-Prime Minister and Minister of Economy and Finance of the Republic of Uzbekistan.

The parties discussed priority areas for cooperation and measures to increase the efficiency of joint projects. Particular attention was paid to the implementation of infrastructure projects based on public-private partnerships (PPP), including the construction of a modern multi-profile hospital in the Fergana region, the modernization of the power supply system in Samarkand, the creation of modern toll roads, the development of irrigation systems, and the construction of hydroelectric power stations.

The discussions also covered the expansion of cooperation in the field of mortgage loan refinancing and accelerating the transformation and privatization of state-owned banks.

Furthermore, the sides reviewed support for the private sector and the development of small and medium-sized enterprises (SMEs), including initiatives to support youth and women’s entrepreneurship, as well as the creation of favorable conditions for the implementation of startup projects.

Following the negotiations, an agreement was reached to further develop bilateral cooperation and conduct systematic work to effectively achieve the established goals.