The International Fund for Agricultural Development (IFAD) has opened an office in Uzbekistan. The opening ceremony was attended by IFAD President, Alvaro Lario, and the Uzbek Minister of Agriculture, Ibrohim Abdurakhmonov. IFAD is an international financial institution and a specialized agency of the United Nations, established in 1978.
“The opening of the Fund’s office in Tashkent reflects our commitment to sustainable economic development in Uzbekistan and the region. Through partnerships with the government and the private sector, we can support more ambitious investments in climate change adaptation and rural prosperity,” said Lario.
“Uzbekistan has been cooperating with the fund since joining it as a member state in 2011. Having a representative office in the country will allow to better address specific needs and problems of the agricultural sector,” the fund said in a statement.
Over the past decade, IFAD’s portfolio of projects in the region has grown significantly, with a total investment of $435.3 million covering more than 550,000 rural residents.
