The Asian Infrastructure Investment Bank (AIIB) is actively enhancing infrastructure in Uzbekistan's rural areas through its Rural Infrastructure Development Project (RIDP). This project, prioritized by local communities, has improved access to essential services like drinking water and road infrastructure. So far, RIDP has completed 193 sub-projects, benefiting over 361,000 residents.
Tawney Kruger
Corrector7 ArticlesThe Middle Corridor initiative aims to enhance connectivity between Central Asia and Europe, promising to triple trade flows and halve travel times by 2030. Supported by the World Bank and spearheaded by Uzbekistan and Kazakhstan, the project is set to transform regional trade and economic cooperation. Experts Oleg Abdurashitov and Dimitris Symeonidis emphasize its potential to not only improve trade efficiency but also foster economic cooperation across the region.
It has been 30 years since the Uzbek sum declared its independence from the Russian ruble, following the collapse of the Soviet Union. Like its CIS counterparts, Uzbekistan faced the challenge of establishing its own independent monetary system.
Under the country's privatization initiative, 21 grain enterprises are up for auction with state shares varying from 51%-99.9%.