Tashkent, Uzbekistan (UzDaily.com) —  On 6 November 2024, the Minister of Investments, Industry, and Trade of the Republic of Uzbekistan, Laziz Kudratov, held a videoconference meeting with the President of the Islamic Development Bank (IDB), Muhammad al-Jassir.

During the discussions, the parties reviewed the progress of the implementation of the IDB’s Country Strategy for Uzbekistan for 2022-2026. It was noted that the total volume of attracted investments is in line with the schedule, reaching 50% of the target of US$1.2 billion by the end of 2026. Meanwhile, projects supporting the private sector, carried out by the IDB’s subsidiary, the International Islamic Trade and Finance Corporation (ITFC), are ahead of schedule, achieving 90% of the total goals. This is two years ahead of the planned figures.

The parties also discussed further steps for the implementation of new projects, jointly developed on the principles of public-private partnership (PPP). These projects cover sectors such as energy, transport infrastructure development, irrigation and water resource management, education, and healthcare.

The leadership of the IDB expressed its readiness to continue providing comprehensive support for projects, including allocating additional funds for innovations and technological modernization as part of the transition to a "green" economy.

The negotiations confirmed the strength and dynamic nature of the cooperation between Uzbekistan and the Islamic Development Bank, aimed at the sustainable development of the country and improving the quality of life for its citizens.