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Uzbekistan plans to attract additional investments to support country's business

Finance Materials 18 April 2020 10:32 (UTC +04:00)
Uzbekistan plans to attract additional investments to support country's business

By Ilkin Seyfaddini – Trend:

BAKU, Azerbaijan, Apr. 18

Uzbekistan plans to absorb $2.7 billion from international and foreign agencies in 2020, Trend reports citing the Uzbek media.

This became known at a meeting on strengthening cooperation with international financial institutions in the fight against the coronavirus pandemic, which was held by President Shavkat Mirziyoyev April 17.

This year, it is planned to spend $2.7 billion allocated by international and foreign financial institutions. The Asian Development Bank, World Bank and Japan International Cooperation Agency (JICA) account for most of these funds.

In the conditions of the pandemic, it is planned to attract $700 million to support entrepreneurship, small and medium business.

In addition, the Ministry of Health has been tasked to purchase 2,300 artificial lung ventilation machines and other equipment WORTH of $30 million from the Asian Development Bank and the World Bank.

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