EBRD may increase Uzbekistan's project portfolio to $1B
BAKU, Azerbaijan, Dec. 6
By Fakhri Vakilov - Trend:
A meeting with a delegation of the European Bank for Reconstruction and Development (EBRD) led by Secretary General Enzo Quattrociocche was held at Uzbekistan’s Ministry of Investments and Foreign Trade, Trend reports citing the Ministry’s press service.
The overall progress of the EBRD's cooperation with Uzbekistan and the prospects for increasing the project portfolio to $1 billion by the end of this year were analyzed.
The main purpose of the visit of the bank’s leadership to Uzbekistan was to assess the possibility of holding an annual meeting of the EBRD Governing Council in 2023 in Samarkand.
During the visit, the guests were presented with information on the large-scale construction process, aimed at increasing the potential for receiving large flows of tourists and holding major events of international importance - projects on the creation of a tourist center, modern hotels, as well as, the concept of integrated development of transport infrastructure, including expansion communication networks, modernization of the airport and railway station.
During the meeting with the Minister of Investment and Foreign Trade Sardor Umurzakov, organizational issues related to the proposal to hold the Annual Meeting of the Board of Governors in 2023 in Uzbekistan to vote on the agenda of the meeting of the Board of Directors of the EBRD in February 2020 were discussed.
The sides also discussed joint activities to organize work of the Council of Foreign Investors in the light of the relevant Decree of Uzbekistan’s President Shavkat Mirziyoyev, adopted on November 13 of this year, as well as the interim session of the Council, in the framework of which questions and suggestions on the formation of the agenda of the Plenary meeting of the Council with the participation of the Head of State in 2020 year.
Separately, the prospects for cooperation in the areas of developing the capital market, improving the system of managing state assets and attracting additional resources to support small and medium-sized businesses were discussed as well.
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