Islamic Development Bank (IsDB) President and Group Chairman Muhammad Al Jasser and Uzbekistan's Minister of Investments, Industry, and Trade Laziz Kudratov have inked three financing agreements to boost the development of critical infrastructure and social services in the Central Asian country, the financial institution reported on April 26.
The documents aim to promote sustainable economic growth, enhance rural development, and advance the country's early childhood education.
Under the first agreement, IsDB will provide $260mn in financing for the Integrated Rural Development Project under the IsDB Group's Food Security Response Program (FSRP). It will empower local communities, improve access to quality and resilient infrastructure, and strengthen knowledge of climate-smart agriculture practices.
The second deal, worth $106.7mn, underpins the reconstruction and updating of the M39 road in the republic.
The third agreement provides $30mn in financing for Enhancing Access to Quality Early Childhood Education Project, supporting Uzbekistan's target of achieving universal preschool enrollment.