BAKU, Azerbaijan, Sept. 4
By Fakhri Vakilov - Trend:
At the annual meeting of the Board of Governors of the Islamic Development Bank, held in Tashkent, Minister of Investment and Foreign Trade of Uzbekistan Sardor Umurzakov met with Minister of Finance and National Economy of the Kingdom of Bahrain Shaikh Salman bin Khalifa Al-Khalifa, Minister of Finance of the Kingdom of Saudi Arabia Mohammed Al-Jadaan and Minister of Treasury and Finance of Turkey by Lutfi Elvan, Trend reports referring to the Ministry of Investment and Foreign Trade.
During the meetings, the current state of investment, trade, economic, cultural, and humanitarian cooperation, the implementation of existing agreements, as well as the prospects for the implementation of new projects in priority sectors were considered. Further steps have been outlined to deepen interaction and promote joint initiatives.
The annual meeting of the Board of Governors of the Islamic Development Bank, held in Tashkent, is not only a large-scale event that brings together representatives of 57 member countries of the Bank but also a platform for bilateral and multilateral negotiations and discussion of important issues of cooperation between different countries.
Earlier Trend reported that yesterday, during the 2nd meeting of the Uzbek-Saudi Business Council, business representatives of Uzbekistan and Saudi Arabia discussed in detail the issues of investment cooperation in various fields, infrastructure projects in the field of transport, construction and reconstruction of roads, cooperation in the field of tourism and medicine.
Moreover, Uzbek Minister of Finance Timur Ishmetov discussed the development of the capital market in the country with representatives of the Saudi Arabian delegation during a meeting on September 3.
During the meeting, the sides discussed the transformation of enterprises and banks with state participation, reforming public-private partnerships, and developing the private sector, and also agreed to expand cooperation within existing and new areas.
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