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NEWS

Uzbekistan's president OKs framework deal with EIB

www.azernews.az
5 January 2018

Uzbek President Shavkat Mirziyoyev has approved a framework agreement signed with the European Investment Bank (EIB).

The agreement defines the legal framework for the EIB's activities in Uzbekistan. The Bank will officially be able to support public and private sector projects in such areas as infrastructure, energy and energy efficiency, as well as small business development.

The framework agreement between Uzbekistan and the EIB on the bank's activities in Uzbekistan was signed on Oct.13, 2017 in Washington. The agreement on signing the agreement was reached after the meeting of the EU-Uzbekistan Council in Brussels on July 17.

Uzbekistan became the fourth state in Central Asia, cooperating with the EIB. To date, the EIB has signed transactions amounting to about 710 million euros in Kazakhstan, Kyrgyzstan and Tajikistan.

Uzbekistan attaches significant importance to the signing of the agreement, which opens additional opportunities for attracting European investments and technologies to the country's economy, Deputy Prime Minister Jamshid Kuchkarov said earlier.

The State Committee for Investments was appointed as the responsible body for interaction with the EIB and implementation of the agreement.