Asian Infrastructure Investment Bank to bolster cooperation with Uzbekistan

TASHKENT (TCA) — On August 13, President of Uzbekistan Shavkat Mirziyoyev received a delegation of the Asian Infrastructure Investment Bank (AIIB) led by its President Jin Liqun. On the same day, a joint roundtable discussion was held on the enhancement of practical cooperation and encouragement of new programs with AIIB funding in Uzbekistan, the official website of the Uzbek President reported.

An agreement was reached on the development and adoption of a roadmap for effective interaction for the medium term, as well as the organization of bilateral events aimed at unlocking the potential of partnership.

Mirziyoyev noted that the Bank actively supports the current structural reforms in Uzbekistan. Currently, the preparation of the first investment projects in the amount of more than US $1.3 billion is being completed for the development of water supply and sanitation, reconstruction of roads in Uzbekistan’s Bukhara region.

Promising schemes totaling over $1.6 billion are being worked out to modernize social, public utility and transport infrastructure in Karakalpakstan and other areas of the country, to finance industrial enterprises and small infrastructure projects, as well as promote regional trade.

The AIIB president fully supported the proposal to take concrete steps to accelerate the implementation of priority projects in Uzbekistan.

Jin Liqun also reaffirmed the Bank’s strong commitment to bolster full-scale cooperation with Uzbekistan in order to ensure the sustainable development of the country and the entire Central Asian region.

Sergey Kwan