Joint Statement of the United States of America, Uzbekistan and Kazakhstan on the Launch of the Central Asia Investment Partnership Initiative
The following statement has been published by the Governments of the United States of America, the Republic of Uzbekistan, and the Republic of Kazakhstan.
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The governments of the United States of America, the Republic of Uzbekistan, and the Republic of Kazakhstan announced the launch of the Central Asia Investment Partnership initiative. Participants welcome other countries to join this platform to promote regional economic partnership and prosperity.
Through this initiative, the US Financial Corporation for International Development (DFC), the Ministry of Investment and Foreign Trade of the Republic of Uzbekistan, and the Astana International Financial Center, acting in the interests of the Government of the Republic of Kazakhstan, will make every effort to attract at least 1 billion US dollars over five years to support projects that contribute to the growth of the private sector and the expansion of economic ties in Central Asia and the region as a whole.
The goal of the Central Asian Investment Partnership will be to promote private sector projects that meet international infrastructure quality standards and promote the growth of inclusive, transparent, and sustainable investments. Thus, the partners will contribute to the successful implementation of projects and mobilize the attraction of additional private investment in the region.
The Central Asia Investment Partnership is an important step in advancing US efforts to support economic growth and prosperity in Central Asia. This initiative, operating through the C5 + 1 platform, will seek to use all available opportunities to increase trade, stimulate integrated development and deepen multilateral ties, with the goal of strengthening and growing the economies of Central Asian countries.
As the region strives to cope with the economic fallout from the COVID-19 pandemic, such cooperation and resilience is more important than ever.
The "Central Asian Investment Partnership" is based on the desire for the development and prosperity of each of the Central Asian countries.
In addition to supporting regional projects, DFC will continue to deepen partnerships in Central Asia by signing bilateral Memorandums of Understanding with the Ministry of Investment and Foreign Trade of the Republic of Uzbekistan and the Astana International Financial Center, acting in the interests of the Government of the Republic of Kazakhstan, as well as exploring new opportunities to support the development of investment funds and implementation of joint projects.