TASHKENT, Uzbekistan, November 4. Uzbekistan and Asian Infrastructure Investment Bank (AIIB) have discussed the progress of the bank’s current investment program in Uzbekistan and the three-year plan of promising projects on the AIIB's sovereign financing for 2024-2026, Trend reports.
The news followed a meeting between the Deputy Minister of Economy and Finance of Uzbekistan Zhasur Karshibaev and the AIIB delegation headed by Hong Wei, Senior Advisor to the Vice President for Investments in Central Asia, the Middle East, Africa and Latin America.
Members of the AIIB commended the reform advancements in Uzbekistan and indicated their eagerness to engage in the holistic enhancement of the country’s infrastructure and the improvement of its citizens' standard of living.
Following the meeting, both sides agreed on taking action to put the proposed initiatives and agreements into practice.
Earlier this year, it was announced that the ninth annual meeting of the AIIB Board of Governors in 2024 will be held in Uzbekistan’s Samarkand.
The AIIB investment portfolio in Uzbekistan includes 13 projects worth more than $2.4 billion in the fields of energy, infrastructure development, transport, and medicine, including $394 million to finance the development of solar panels in the Uzbek regions of Samarkand, Jizzakh, and Surkhandarya.