President of Uzbekistan, Shavkat Mirziyoyev, recently met with Wu Fulin, Chairman of the Export-Import Bank of China (Eximbank of the PRC), as part of a series of events in Beijing. The meeting was a significant step in strengthening the economic ties between the two nations.
Joint projects portfolio
The press service of the President reported that the portfolio of joint projects in Uzbekistan has reached $3.5bn. This is a testament to the growing economic cooperation between Uzbekistan and China. The bank’s plans for opening a regional office in Tashkent were reviewed during the meeting, which is expected to further boost this cooperation.
Future plans
In addition to the regional office, the bank also discussed forming new promising projects for the development of transport and social infrastructure, industry, and the private sector. These projects are expected to have a significant impact on the economic development of Uzbekistan.
About Eximbank of the PRC
Founded in 1994, Eximbank of the PRC is a state policy bank of the People’s Republic of China (PRC) under the direct administration of the State Council of the PRC. With assets worth more than $800bn, it is China’s leading financial institution in supporting foreign trade and international economic cooperation.
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