The U.S. Agency for International Development (USAID) has announced an investment of $17.7 million in a five-year Business Support Project in Uzbekistan.
The project aims to enhance competitiveness in small and medium enterprises across four key sectors: information and communications technology (ICT), tourism, textiles, and the green economy.
Created in partnership with the government of Uzbekistan and the private sector, the project’s two primary goals are to break down barriers affecting growth and increase investment in the private sector. By focusing on these objectives, the project seeks to create a more enabling environment for business expansion and innovation, thereby contributing to the overall economic prosperity of Uzbekistan.
Speaking at the launch on March 5th, USAID Mission Director to Uzbekistan David Hoffman declared, “Today, we embark on a transformative journey with the Business Support Project. This initiative represents a pivotal moment in our shared pursuit of a prosperous, inclusive, and sustainable future for Uzbekistan. By addressing critical barriers to growth and leveraging the dynamism of the private sector, we aim to unlock new opportunities for businesses, especially those led by women and youth. Our collective efforts through our Business Support Project will pave the way for a more resilient and competitive economy, benefiting not just Uzbekistan but the entire region.”
