USA increases financial aid to Uzbekistan

Baku, Azerbaijan, February 28

By Fakhri Vakilov - Trend:

The United States increased aid to Uzbekistan from $10.1 million in 2016 to $28.1 million in 2018 fiscal year, Trend reports with reference to press service of The US Embassy in Uzbekistan.

Acting Assistant Secretary of State for South and Central Asian Affairs Alice Wells made this statement during the annual US-Uzbek political consultations in Tashkent.

Wells noted that the increase in aid shows Washington’s commitment to strengthening partnerships and supporting the reform program in Uzbekistan.

“Uzbekistan became famous again throughout the world after the country implemented reforms in the economy and management, new opportunities for cooperation and investment, both with neighboring countries and with the whole world. All of Central Asia benefits from the fact that Uzbekistan plays its legitimate role on the world stage. The United States supports and encourages the revival of Uzbekistan,” Wells said.

Speaking at the University of World Economy and Diplomacy (UWED), she noted the strengthening of ties between countries in the field of economy and trade. In particular, she recalled that last October in Uzbekistan, with the support of the United States Agency for International Development (USAID), the Central Asian Trade Forum was held, where entrepreneurs made deals in the amount of more than $56 million.

In addition, Wells noted that the US supports Uzbekistan’s desire to join the World Trade Organization (WTO) and provided an expert to advise the Uzbek Ministry of Foreign Trade and Investment on this process.

Wells added that the United States pays tribute to Uzbekistan’s “friendship with neighbors” policy that benefits all Central Asian countries.

“With the opening of borders and the settlement of old disputes, cooperation in many areas has increased, which has led to the establishment of new ties and the strengthening of stability in the entire region, including in Afghanistan,” the diplomat stated.

Furthermore, Wells said that the US Peace Corps could return to Uzbekistan.

The return of Peace Corps to Uzbekistan would provide important and sustainable connections between people and significant support in terms of expanding the teaching of English language. Peace Corps volunteers are ordinary Americans who want to learn about your history and culture and share the American culture with you ", the US diplomat stressed.

In its turn, Uzbekistan is ready to invest in the US economy. In particular, in mid-February of this year, the Minister of Finance of Uzbekistan Jamshid Kuchkarov said that the country plans to reduce the share of gold in its foreign exchange reserves by purchasing US Treasury bonds.

The Peace Corps is an independent US Federal Government agency. It was established on March 1, 1961. The corps has been working in Uzbekistan since 1992, when a memorandum of understanding was signed with the Ministry of Foreign Affairs. The organization curtailed its activities in the country in 2005.

The Peace Corps sends volunteers to more than 70 countries around the world, to collaborate with government agencies, schools, non-profit organizations, non-governmental organizations and entrepreneurs in the fields of education, entrepreneurship, information technology, agriculture and ecology.

---

Follow author on Twitter:@vakilovfaxri

Iran can enrich uranium to high degree – President Rouhani
Iran can enrich uranium to high degree – President Rouhani
Iran's Atomic Organization discusses enrichment of uranium
Iran's Atomic Organization discusses enrichment of uranium
Iran to return to JCPOA after other parties fulfill commitments - President Rouhani
Iran to return to JCPOA after other parties fulfill commitments - President Rouhani
Loading Bars
Latest
Uzbekistan to invest in viticulture dev't
Kazakhstan’s national postal service operator to buy consumables via tender
Uzbekistan continues ramping up flour, cereal exports
Mine explosion in Azerbaijan takes life of one more serviceman
Uzbekistan, Russia implementing numerous joint projects
Georgia reports 1,077 new cases of coronavirus for April 16
New Delhi a natural partner in shaping Indo-Pacific region: Australian PM Scott Morrison
Economist Intelligence Unit calculates 13 per cent growth for India, more than IMF prediction
Kazakhstan boosts exports to Russia over 2M2021
French Bouygues carries out construction of two new facilities in Turkmenistan
Azerbaijan's ADIF shares data on compensations paid to depositors of closed banks'
No point in discussing Nagorno-Karabakh problem in previous context - Russian expert
2021 to see over 3% increase in global gas demand
Georgia sees increase in hotel price index for March 2021
Kazakhstan unveils timeframe for large-scale crops sowing
Kazakhstan shares vehicle production data
Prices for precious metals up in Azerbaijan
Turkmenistan signs number of documents with international organizations
EBRD to invest in another project in Azerbaijan
National Bank of Georgia sells funds to stabilize lari exchange rate
Azerbaijan sees growth in retail turnover of ICT products from early 2021
IMF eyeing support to Kazakhstan's cybersecurity and risk management sectors
Iran - P5+1 on right track in Vienna talks - Deputy FM
Italian Senate delegation visits Azerbaijan's liberated Aghdam (PHOTO)
Islamic Solidarity Games-2021 may be postponed - Federation's Executive Committee
Azerbaijan’s pipeline gas deliveries set to increase by over 15%
1Q2021 volume of sold food products in Azerbaijan's trade network up
Denmark speeds up reopening as epidemic stabilises
Azerbaijan IT company monitoring performance of financial structures
Kazakhstan carrying out several projects to boost local cars manufacturing
Turkmen-Chinese partnership has potential in number of areas
European new car sales jump 87% year-on-year in March
Kazakh-German oil extracting JV opens tender for design documentation dev't
Azerbaijani oil prices disclosed
Azerbaijani gas among drivers of Eurasian output growth in Q1 2021
None of Armenian PM's statements worth meaningful comment - Azerbaijani MFA
Axpo plans to produce green hydrogen
Oil climbs to four-week high on strong China data, demand revival
Azerbaijani insurer reports profit growth year-on-year
Kazakhstan's trade structure with EAEU countries for 2M2021 unveiled
Azerbaijani currency rates for Apr.16
Azerbaijan shares footage from Aghdam's Baghbanlar village (VIDEO)
Azerbaijan records high demand for underwriting services in local capital market
Coca-Cola Amatil votes in favour of European bottler's $7.68 bln takeover deal
Share of Azerbaijani gas in Greece’s imports reach 18%
Armenia violating int'l legal principles by refusing to give up minefield maps - Chair of Azerbaijani Parliament
SOCAR announces time of starting gas injection into storages
Rostselmash talks plans on supply of agricultural machinery to Azerbaijan
Azerbaijan enhancing support to SMEs (PHOTO)
Co-op between Azerbaijan, Uzbekistan progresses in all areas - Chair of Azerbaijani Parliament (PHOTO)
Thailand reports record daily number of 1,582 coronavirus cases
Mine clearing operations continue in Azerbaijan's liberated Aghdam
COVID-19 negatively affects mobile segment in Georgia
Georgian mobile operator Silknet’s revenue to increase in 2021 - Galt & Taggart
Major Bulgarian imports from Georgia include copper ores and crude petroleum oils
Azerbaijan developing plan for sustainable business
Georgia implements significant reforms within IMF's Extended Fund Facility program
Japan's March exports grew at fastest pace in more than 3 years
Amazon needs to do better for employees - Bezos
Turkmenistan, Kazakhstan have potential for co-op in maritime transportation
Turkey's central bank holds key policy rate steady at 19%
2,656 new daily COVID-19 cases reported in Kazakhstan
Iran buys 60 million doses Sputnik V COVID-19 vaccine
Eurowings kicks off Dusseldorf-Tbilisi-Dusseldorf flights
Apple announces 200 mln USD fund in forestry projects to reduce carbon from atmosphere
U.S. replaces Britain to be largest source of Ireland's imported goods
Azerbaijan's AzerGold to fund creating test laboratory in Dashkasan
Daimler AG unveiled the electric Mercedes-Benz S-Class luxury sedan (PHOTO)
Canadian lawmakers call for action from U.S., Canadian leaders in pipeline dispute
Economic outlook is brightening - Fed's Mester
Antibiotics in development not enough to tackle 'superbugs' - WHO
China’s Geely targets slice of premium electric car market with ‘startup’ brand Zeekr
Kazakhstan to create concept for development of creative industries
Italy hikes 2021 budget deficit to 11.8% of GDP: source
Turkey registers more than 61 000 new coronavirus cases
IMF corrects estimate on Iran's foreign exchange bank reserves
Kazakhs Association founded in Japan
Turkey provided invaluable support to Azerbaijan in information war with Armenia - MP
Georgian Co-Investment Fund eyes to implements another energy project
Baku Metro opens tender to buy metal structures
Volume of lending to construction sector greatly increases in Azerbaijan
Net profit of Azerbaijani ASB Bank in 1Q2021 decreases
Azerbaijan eyes starting fish caviar export to Hong Kong in 2021
Aggregate capital of Azerbaijani ASB Bank grows
Georgia's Silknet maintains strong cash balance in 2020
Armenia confuses history with mythology again - Azerbaijani Foreign Ministry
Azerbaijani president congratulates president of Djibouti
Turkey leads among countries investing in Azerbaijan's non-oil sector (PHOTO)
Museums like War Trophy Park in Baku, open in many countries - Russian historian
Russia ready to assist in normalization of relations between Azerbaijan, Armenia
Azerbaijan has great opportunities for wind energy dev't - expert
Azerbaijani Foreign Ministry responds to statement of OSCE MG co-chairs
National Bank of Georgia sees decrease in international reserves
Various types of fabrics exported to Turkmenistan from EAEU countries
Kazakhstan's KMG Engineering to buy pump-compressors via tender
1Q2021 assets of Azerbaijan Industry Bank slightly down
Turkmenistan Railways opens tender for installation of surveillance cameras
Kazakhstan’s telecommunications operator to pay dividends for 2020
Kazakhstan’s Kazatomprom sells its solar energy subsidiary
Azerbaijan, Belarus discuss military-technical cooperation prospects
All news