Tashkent, Uzbekistan (UzDaily.com) -- On 27 September 2018, the Ministry of Finance of Uzbekistan held a meeting with a delegation of the European Bank for Reconstruction and Development (EBRD).

The meeting discussed the current state and prospects for cooperation with the European Bank for Reconstruction and Development (EBRD).

It was noted that cooperation between Uzbekistan and the EBRD is developing. In particular, on March 16, 2017 and August 1, 2018, Uzbek President Shavkat Mirziyoyev twice received the President of the European Bank for Reconstruction and Development, Sumu Chakrabarty. He noted with satisfaction the high rates of mutually beneficial cooperation between Uzbekistan and the EBRD.

As a result of this high-level dialogue in November 2017, the bank’s office resumed its activities in Tashkent. It is currently planned to establish branches in the regions of Uzbekistan. Over the past period, the bank has provided more than US$190 million of credit lines for financing projects aimed at developing entrepreneurship in the country.

At the same time, EBRD experts actively participated in the development of new procedures aimed at improving the efficiency of preparation and implementation of investment projects in our country with the participation of foreign financial institutions. A Memorandum of Cooperation was signed between the Republic of Uzbekistan and the European Bank for Reconstruction and Development and the Agreement on the implementation of the technical assistance project in the field of nature protection.

The sides discussed issues of further development of cooperation. In particular, in cooperation with the European Bank for Reconstruction and Development (EBRD), issues of strengthening the legislative framework, introducing public-private partnership mechanisms and developing a road map for research aimed at adapting to national legislation of Uzbekistan were discussed. They also exchanged views on improving the mechanisms of public-private partnership.