• Sign in
  • 1744009905_435.svg 1744009905_642.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12410.99
    • RUB158.38
    • EUR14237.89
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +30°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    Uzbekistan Money Economics

    Uzbekistan and KfW ink €150mn financing agreement to drive economic reforms

    Uzbekistan and KfW ink €150mn financing agreement to drive economic reforms

    In a move aimed at bolstering economic cooperation and supporting ongoing reforms, Uzbekistan and KfW Development Bank have inked a financing agreement worth €150mn, the Ministry of Economy and Finance of Uzbekistan reported. 

    Photo: Uzbekistan and KfW sign €150mn financing agreement
    Source: Ministry of Economy and Finance of Uzbekistan

     

    The agreement was formalized during a recent meeting attended by key officials including Ilkhom Norkulov, First Deputy Minister of Economy and Finance, Alice Wolken, Counsellor to the Ambassador Extraordinary and Plenipotentiary of Germany to Uzbekistan, and Andreas Schneider, Director of the Central Asian Regional Office of KfW.

    The allocated funds are slated to provide additional financial support for the "First Inclusive and Resilient Market Economy Development Policy" program. Developed in alignment with Uzbekistan's strategic vision outlined in the "Uzbekistan - 2030" strategy and in collaboration with the World Bank, this initiative focuses on spearheading reforms across critical sectors such as energy, transport, social protection, gender equality, and climate protection.

    Photo: Focus areas include energy, transport, social protection, gender equality, and climate protection
    Source: Ministry of Economy and Finance of Uzbekistan

     

    Speaking on the significance of the agreement, officials emphasized its role in advancing Uzbekistan's socio-economic landscape while underlining the commitment to deepen cooperation with international partners. The accord underscores the shared commitment to fostering sustainable development and addressing pressing challenges facing the region.

    KfW Development Bank brings to the table over 60 years of experience in development policy and international cooperation, serving as a vital conduit for the German Federal Government's objectives in these realms. With a track record of financing and supporting programs and projects worldwide, KfW is poised to play a pivotal role in realizing Uzbekistan's developmental aspirations.

     

    Follow Daryo's official Instagram and Twitter pages to keep current on world news.

     

    09.04.2024, 08:00   Comments (0)   1693
    Facebook Twitter LinkedIn Telegram Email

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    AMMC entrusts Germany's KfW IPEX-Bank to secure financing worth $2.55bn for copper smelting complex

    30.09.2023, 18:50

    KfW commits €30mn to enhance skills of personnel in Uzbekistan

    14.11.2023, 11:58

    Uzbekistan secures €17.5mn deal with German KfW and GIZ for Termez medical training center

    14.12.2023, 22:14

    Uzbekistan and Georgia see 23% trade growth in 2023

    08.04.2024, 23:36

    Saffron cultivation in Uzbekistan to increase tenfold hitting €80 mn

    08.04.2024, 23:14

    Uzbekistan's NMMC transfers 2% of shares to UzSAMA in privatization drive

    08.04.2024, 22:35
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024


    Beeline Uzbekistan started 2025 with a significant network modernization


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?

     

    Recommended

    Iran as the pressure point: How Washington’s campaign against Tehran seeks to undercut China and Russia - and why Central Asia risks the fallout

    19 June, 12:24

    "Visa simplification with Uzbekistan could be on the table," EU Ambassador Klaar points out

    11 June, 12:12

    “Uzbekistan is undergoing large-scale reforms and transformation,” says EU business leader at TIIF

    11 June, 08:34

    Central Bank warns half of monthly income goes to loans as debt burden rises in Uzbekistan

    3 June, 12:34
     
     
     

    Latest news

    Komil Allamjonov designated as independent advisor to Uzbekistan’s Presidential Administration head Saida Mirziyoyeva

    Uzbekistan | 23 June, 22:58

    Saida Mirziyoyeva appointed head of Uzbekistan’s presidential administration

    Uzbekistan | 23 June, 22:45

    Uzbekistan, Mongolia ink agreements for joint wool and leather projects ahead of presidential visit

    Uzbekistan | 23 June, 16:02

    Uzbekistan tops Central Asia in FDI for first time in 30 years with $2.8bn inflow

    Uzbekistan | 23 June, 15:00

    Kyrgyzstan, UNDP partner to strengthen national systems for green and climate finance

    Kyrgyzstan | 23 June, 14:02

    China and Kazakhstan sign deal to expand rail freight to Europe via Central Asia

    Central Asia | 23 June, 12:43

    China Eximbank extends $500mn loan to Uzbekistan to develop telecommunications infrastructure

    Uzbekistan | 23 June, 11:30

    Uzbekistan, Azerbaijan agree on several new initiatives to boost trade and investment ties

    Uzbekistan | 23 June, 10:38
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.