BAKU, Azerbaijan, May 21
By Klavdiya Romakayeva - Trend:
The Ministry of Investment and Foreign Trade of Uzbekistan and the Japanese International Cooperation Agency (JICA) signed a Memorandum of Cooperation on May 20, Trend reports referring to the Uzbek ministry.
It is reported that the document was signed by the First Deputy Minister of Investments and Foreign Trade, Laziz Kudratov, and the Deputy Head of the JICA Representative Office in Uzbekistan, Yoshi Takemura.
According to the information, the document provides for the introduction of a new private-sector financing instrument of JICA in Uzbekistan without the need to provide a sovereign guarantee from the government in order to effectively develop infrastructure, accelerate economic growth, achieve sustainable development goals, reduce poverty, and implement measures to combat climate change.
It is noted that the practical aspects and mechanisms of the new financial instrument will be covered during two business conferences in the format of webinars, which are scheduled for May 28 and June 24 this year.
JICA has been operating in Uzbekistan since 1993. The main activity of the Agency is the provision of loans and grants in order to ensure the socio-economic development of the country's economy. Currently, the portfolio of projects in Uzbekistan is about $4.1 billion.
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