Uzbekistan aims to consistently expand cooperation with the International Finance Corporation

On September 14 of this year, negotiations were held between the Deputy Prime Minister - Minister of Investments and Foreign Trade of the Republic of Uzbekistan S. Umurzakov with the Managing Director of the International Finance Corporation (IFC) Makhtar Diop.

During the negotiations, the current state and prospects for deepening partnership between Uzbekistan and the IFC were discussed. M. Diop highly appreciated the scale and pace of the socio-economic reforms being carried out in Uzbekistan and expressed his commitment to further mutually beneficial cooperation.

The IFC management was grateful for the consulting and technical assistance provided in the implementation of reforms aimed at the development of the financial market, public-private partnerships, agriculture, transport and healthcare.

The role of the IFC in promoting large-scale projects in Uzbekistan in the fields of alternative energy and the chemical industry was highly appreciated.

The parties also agreed to establish cooperation to promote start-up projects in the field of information technology by attracting a venture funding mechanism.

Following the meeting, further steps were outlined for practical interaction within the discussed areas of cooperation.