Laziz Kudratov, Minister of Investment, Industry, and Trade of Uzbekistan, recently convened with Helaina Matza, Acting Special Coordinator for the Partnership for Global Infrastructure and Investment of the United States. The meeting, held in Tashkent, focused on crucial initiatives aimed at attracting private financing for various developmental projects.
Both parties emphasized the need to mobilize investments for the advancement of transportation infrastructure, geology, and digitalization projects in Uzbekistan. This initiative, initially proposed by the United States during the G7 summit in June 2022, aims to support high-quality infrastructure projects in developing nations.
The United States has committed to allocating up to $200bn over five years through grants, federal financing, and private-sector investments.
Additionally, G7 countries have pledged up to $600bn for this initiative, involving esteemed institutions such as the World Bank and leading private investment firms including BlackRock, Brookfield, and Global Infrastructure Partners.
The meeting facilitated a constructive exchange on various current issues concerning bilateral cooperation, particularly in the investment sector and the effective implementation of joint initiatives.
Both Minister Kudratov and Acting Special Coordinator Matza reaffirmed their commitment to enhancing cooperation across all discussed areas.
Daryo reached out to the Minister of Investment, Industry, and Trade of Uzbekistan for additional comments on the meeting, particularly regarding the provided statistics.
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