TASHKENT, Uzbekistan, March 6. Uzbekistan and the International Islamic Trade and Finance Corporation (ITFC) signed an agreement on cooperation for $600 million, Trend reports.
According to ITFC, the signing took place in a roundtable of the Arab Coordination Group, where Uzbek Minister of Investment, Industry and Trade Laziz Kudratov participated in Tashkent yesterday.
The event was also attended by the leadership of the ITFC, Islamic Development Bank, Saudi Fund for Development, Abu Dhabi Fund for Development, Kuwait Fund for Economic Development, as well as heads of ministries and departments of Uzbekistan.
The document provides for trade financing, as well as financing in agriculture and food security.
During the round table, the parties considered the implementation of current joint projects with the participation of organizations that are members of the Arab Coordination Group and the definition of new promising initiatives in priority sectors of the economy.
Meanwhile, Uzbekistan and the International Islamic Trade and Finance Corporation (ITFC) signed an agreement worth $100 million.
According to Uzbekistan's Economy and Finance Ministry, this agreement is aimed at strengthening food security in the country through the Fund for State Support of Agriculture under the Ministry of Economy and Finance of Uzbekistan.