BAKU, Azerbaijan, July 9.The Ministry of Investment and Foreign Trade and the Ministry of Water Resources of Uzbekistan signed a memorandum of understanding with European Bank for Reconstruction and Development (EBRD),Trend reports via Uzbek Ministry of Investment and Foreign Trade.
This document will be directed to cooperation in the development of institutional management and digitalization in the irrigation water supply sector in Uzbekistan.
On July 7 this year, in London, the Deputy Prime Minister - Minister of Investment and Foreign Trade of the Republic of Uzbekistan Sardor Umurzakov met with the President of the EBRD Odile Renaud-Basso.
The sides focused on deepening bilateral cooperation, bearing in mind further measures to support the private sector, promote environmentally friendly energy and resource solutions in industry and the social sphere, as well as increase the investment attractiveness of various sectors of the economy of Uzbekistan.
The head of the EBRD expressed her commitment to further support the implementation of the program of socio-economic reforms carried out in Uzbekistan and the promotion of joint initiatives.
The progress of the implementation of the current investment portfolio, consisting of 16 projects worth over 1 billion euros, was substantively reviewed. In 2021 the EBRD invested more than 600 million euros to implement 22 projects in Uzbekistan.
The agenda of the negotiations also included issues of cooperation with the Bank in the areas of increasing the export potential of Uzbekistan, developing regional transport routes, as well as supporting women's and youth entrepreneurship.
Following the talks, the parties agreed to continue joint activities to promote the agreements reached and develop new areas of multifaceted partnership.