Uzbekistan seeks to attract $5 billion in 2011-2013
Uzbekistan, Tashkent, June 9 / Trend D.Azizov /
Uzbekistan plans to attract loans worth over $5 billion from international financial institutions (IFIs) in 2011 - 2013 for the implementation of strategic investment projects in the economic and social infrastructure, the head of main department on issues of structural reforms of economy and formation of investment projects at the Uzbek Economy Ministry, Dilshod Azimov, said at the press conference.
Including, a loan worth 3.705 billion is expected to be attracted from the Asian Development Bank (ADB) to implement 29 projects, from the Islamic Development Bank (IDB) - $1.055.5 billion to implement 14 projects.
Asimov did not name the amount of funds that will be attracted from the World Bank (WB), as the process of preparing the program of financial cooperation with the bank for 2012 - 2015 has been developed yet.
During the years of membership in these banks, Uzbekistan has attracted $3.864 billion of credit resources for implementation of 198 projects.
He said Uzbekistan realizes projects for $2.083 billion with the ADB, of which $597.32 million were realized and $1.486 billion are under implementation.
In cooperation with the World Bank, Uzbekistan implements 50 projects for $1.313 billion, of which $677.98 billion fell to share of implemented projects (39) and $635.4 million to projects under implementation (11).
IDB allocated $467.09 million for 31 projects. The sides completed projects for $174.1 million (21) and implement projects for $292.99 million (10).
"The main directions of cooperation with the international financial institutions in the future are partnership in implementation of important programs of Uzbekistan on structural reforms and diversification of economy, directed at deep processing natural resources, mineral, hydrocarbon and agriculture raw materials with increasing share of high technologic and competitive products in exports," he said.
Moreover, Uzbekistan attracts credit resources from the international financial institutions to support and develop private business and private sector, reform and strengthen the material base of agriculture and branches serving to it, social sector development, strengthening the base of modern education and health systems, development of financial and banking system of the country, including funding for development projects, public finance, provision of credit lines to commercial banks, he added.