Representatives of Uzbekistan and the IFC discussed projects in the energy, transport, and water management sectors

Representatives of Uzbekistan and the IFC discussed projects in the fields of energy, transport, and water management

In Bangkok, within the framework of the Annual Meetings of the International Monetary Fund and the World Bank, a meeting was held between Imad Fakhoury, Vice President of the International Finance Corporation for the Middle East and Central Asia, and Jamshid Kuchkarov, Deputy Prime Minister and Minister of Economy and Finance of Uzbekistan.

The negotiations were also attended by Lisa Kaestner, IFC Regional Manager for Kazakhstan, Turkey, and Uzbekistan; Nodirbek Ochilov, Deputy Chairman of the Central Bank of Uzbekistan; Jasur Karshibaev, Adviser to the Minister of Economy and Finance; and other official figures.

The parties discussed the current results of large-scale reforms in the country and the prospects for expanding mutually beneficial partnership, placing special emphasis on the development of the private sector, infrastructure, and public-private partnership mechanisms.

During the conversation, issues related to the implementation of joint initiatives in the fields of transport, energy, water management, and social infrastructure were reviewed.

In particular, the discussions touched upon major projects such as the construction of the Tashkent – Andijan toll highway, the modernization of electricity distribution systems and irrigation pumping stations, the introduction of PPP mechanisms in water management, and the construction of general education schools in the regions.

In addition, the participants discussed the development of the mortgage market, the privatization of state-owned enterprises, and the utilization of the IFC's expert potential to increase the effectiveness of entrepreneurship support. Following the meeting, an agreement was reached to strengthen multifaceted cooperation in all key areas.