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Uzbekistan’s Deputy Prime Minister, AIIB Vice President discuss promising areas for further deepening partnership

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Uzbekistan's Deputy Prime Minister, AIIB Vice President discuss promising areas for further deepening partnership

Deputy Prime Minister – Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov has met with the Vice President of the Asian Infrastructure Investment Bank (AIIB) Konstantin Limitovskiy.

According to Uzbekistan MIFT, the parties discussed the current state of cooperation, the implementation of AIIB projects in Uzbekistan, as well as promising areas for further deepening the partnership.

It was noted that over the past two years, the financial and technical cooperation between Uzbekistan and the AIIB has significantly intensified: a portfolio of 14 investment projects in the areas of improving rural infrastructure, water supply and sanitation, reconstruction of roads, development of healthcare and energy worth $2.8 billion, which is the highest indicator for AIIB projects in Central Asia.

Further steps have been outlined to accelerate the implementation of ongoing projects, as well as the coordination of projects under consideration. The parties paid special attention to the sector of infrastructure development, noting that in this area there is a significant potential for the implementation of new significant projects.

In addition, the prospect of organizing the AIIB Annual Meeting of the Board of Governors in 2024 in Uzbekistan was discussed and further actions were identified to develop this initiative.

Following the meeting, an agreement was reached to intensify joint work to accelerate the promotion of practical interaction in all the areas of cooperation.

UzA