TASHKENT, Uzbekistan, May 6. Uzbekistan's Ministry of Investment, Industry, and Trade and the Islamic Corporation for the Development of the Private Sector (ICD) signed the Country Programme for 2024–2026, Trend reports.
According to Uzbekistan's Ministry of Investment, Industry, and Trade, the document was signed within the framework of the III Tashkent International Investment Forum.
The document envisages joint measures and implementation of projects for the development of Uzbekistan's private sector, strengthening cooperation for the development of infrastructure, energy, agribusiness, manufacturing, public-private partnerships, and others for a total amount of $400 million.
Meanwhile, the ICD has signed a series of agreements with several Uzbek banks to bolster private sector development in Uzbekistan.
These agreements include a Memorandum of Understanding (MoU) with Trustbank in respect of a proposed $10 million line of financing facility to support the bank's efforts in financing eligible private sector entities in Uzbekistan and a MoU with Orient Finans Bank (OFB) to explore providing additional line of financing facilities to the OFB with regard to the successful implementation of previous similar facilities extended to it by ICD.
