Baku, Azerbaijan, July 31
By Fikret Dolukhanov – Trend:
The European Bank for Reconstruction and Development (EBRD) and the government of Uzbekistan will sign a number of loan agreements with private companies and several memorandums of understanding, the bank's press service stated.
Documents are planned to be signed during the visit of President of the EBRD Suma Chakrabarti to Uzbekistan on July 31 – Aug. 1.
During the visit, Chakrabarti will hold meetings with Uzbek officials. In particular, the president of the EBRD, will meet with President of Uzbekistan Shavkat Mirziyoyev, Deputy Prime Ministers Sukhrob Kholmuradov, Alisher Sultanov and Jamshid Kuchkarov.
According to the information, the memorandums between Uzbekistan and the EBRD are aimed at providing support for investing in energy and energy efficiency, as well as on privatization and development of capital markets.
In 1992-2010, the EBRD invested 894 million euros in Uzbekistan within the framework of 54 projects. In 2017, cooperation between the parties resumed after the opening of a representative office of the EBRD in Tashkent.
The EBRD is the largest institutional investor in Central Asia. As of today the bank has invested about 11.6 billion euros ($12.3 billion) in projects in various sectors of the economy, from infrastructure to agriculture, with emphasis on development of the private sector.
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