TASHKENT, Uzbekistan, April 12. The Ministry of Investment, Industry and Trade (MIIT) of Uzbekistan and the International Finance Corporation (IFC, a member of the World Bank Group) signed a cooperation agreement, Trend reports.
This landmark agreement aims to improve the regulatory framework critical for stimulating and expanding alternative investments, which are key to the development of Uzbekistan’s innovative economy.
Under the agreement, the IFC will provide essential technical assistance to MIIT in drafting advanced legislation on alternative investments. The initiative is expected to create a more favorable environment for investors, facilitate access to financing, and open up new business opportunities.
During the constructive meeting, the parties also reviewed progress on a package of vital economic laws, including those on investments and special economic zones, stressing their importance in improving the overall business climate.
The discussion highlighted the significance of IFC’s support in building national expertise and establishing the institutional foundations necessary for the effective regulation of emerging investment instruments. An upcoming visit by IFC experts will further deepen this cooperation and address the practical aspects of ongoing reforms.
In addition, the sides discussed preparations for the upcoming Tashkent International Investment Forum, scheduled for June. The forum will serve as a major platform for promoting Uzbekistan’s investment potential and identifying strategic avenues to scale up financing for high-impact projects across the country’s regions.