Tashkent, Uzbekistan (UzDaily.com) -- Islamic Corporation for the Development of the Private Sector handed over an award the Best Partner of the ICD in Financing in Tashkent on 18 September 2019.

On the same day, a Memorandum of Understanding on further financial cooperation aimed at active support of small business and innovative development of the private sector in the Republic of Uzbekistan was signed between ICD and Asaka Bank.

The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral development financial institution and is part of the Islamic Development Bank (IDB) Group.

ICD was established in November 1999 to support the economic development of its member countries through the provision of finance for private sector projects, promoting competition and entrepreneurship, providing advisory services to the governments and private companies and encouraging cross border investments.

ICD has an authorized capital of $4 billion. Currently, the shareholders of ICD are the IsDB, 53 Islamic countries and five public financial institutions.