Uzbekistan, EBRD to work out co-op strategy by year-end

Uzbekistan Materials 17 March 2017 12:51 (UTC +04:00)

Tashkent, Uzbekistan, Mar. 17

By Demir Azizov – Trend:

Uzbekistan and the European Bank for Reconstruction and Development (EBRD) will by late 2017 develop a strategy of cooperation for the next four years, EBRD President Suma Chakrabarti told a press conference in Uzbekistan March 16.

A memorandum of understanding was signed between the EBRD and the Uzbek government, according to him.

The EBRD president said that during the meeting with Uzbek President Shavkat Mirziyoyev, the sides discussed priority areas of cooperation.

Those include projects for support of small business, support of reforms in the banking system, transportation, communications and infrastructure, as well as trade facilitation, said Suma Chakrabarti.

The EBRD’s main goal is helping Uzbekistan to make full use of the existing potential for economic development, he added.

Chakrabarti noted that he supports Uzbekistan’s development strategy for 2017-2021, which was presented to the bank’s delegation.

Uzbekistan joined the EBRD in 1992. According to the EBRD, the bank invested almost 900 million euros in the country and implemented about 54 projects in energy, entrepreneurship, transportation, construction, development of mineral resources, etc.