Uzbekistan and the United States discuss issues of attracting private financing for various projects related to the development of transportation infrastructure, geology, and digitalization
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Laziz Kudratov, Minister of Investment, Industry, and Trade of Uzbekistan, held a meeting with Helaina Matza, Acting Special Coordinator for the Partnership for Global Infrastructure and Investment of the United States, reports Dunyo IA correspondent.
According to the Telegram channel of the Ministry of Investment, Industry and Trade, during their discussion, the two parties focused on the crucial matter of attracting private financing for various projects related to the development of transportation infrastructure, geology, and digitalization.
This initiative was initially proposed by the United States during the G7 summit in June 2022, with the ultimate objective of mobilizing investments to support the advancement of high-quality infrastructure in developing nations.
Under this initiative, the United States has committed to allocating up to $200 billion over the course of five years through grants, federal financing, and the engagement of private sector investments. Additionally, G7 countries have pledged to contribute up to $600 billion. Notably, the implementation of this initiative involves the active participation of esteemed institutions such as the World Bank, as well as renowned private investment companies like BlackRock, Brookfield, and Global Infrastructure Partners.
Furthermore, the meeting facilitated a constructive exchange of views on a wide range of current issues pertaining to bilateral cooperation, including the investment sector and the effective execution of joint initiatives.
As a result of this meeting, both parties reaffirmed their unwavering commitment to further deepen and expand cooperation across all discussed areas of bilateral interaction.
