Tashkent, Uzbekistan (UzDaily.com) — On 11 April, the Ministry of Investment, Industry, and Trade (MIIT) of the Republic of Uzbekistan and the International Finance Corporation (IFC), a member of the World Bank Group, signed a Cooperation Agreement.

The agreement marks an important step toward enhancing Uzbekistan’s investment appeal and stimulating economic growth through the development of alternative investments.

The main objective is to improve the regulatory framework necessary for fostering alternative investment mechanisms — a key component in advancing the country’s innovation-driven economy.

Under the agreement, IFC will provide technical assistance in drafting modern legislation to create a more favorable investment climate and improve access to financing for businesses.

One of the focal points of the discussion was the progress in preparing a package of economic laws, including legislation on investments and the creation of special economic zones — crucial steps for improving the business environment in the country. Both parties emphasized the importance of this effort in establishing a robust regulatory structure for emerging types of investment.

The upcoming visit of IFC experts was also highlighted as a significant milestone for deepening cooperation and addressing the practical aspects of reforming the alternative investment ecosystem. The visit aims to support the development of national expertise and institutions for effective governance and oversight of new investment instruments.

Additionally, the meeting touched on the importance of the upcoming Tashkent International Investment Forum (TIIF-2025), scheduled for June. The forum will serve as a key platform to showcase Uzbekistan’s investment potential and attract financing for promising regional projects.

This newly signed agreement paves the way for strengthened collaboration between Uzbekistan and IFC in promoting sustainable economic development and reinforcing the country’s position as a prime investment destination in Central Asia.