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DFC, Uzbekistan, and Kazakhstan Announce Central Asia Investment Partnership to Bolster Investment in the Region

www.dfc.gov/
7 January 2021

WASHINGTON – U.S. International Development Finance Corporation (DFC) Chief Executive Officer Adam Boehler is traveling this week to Central Asia to meet with government officials and highlight investment and development in the region. While there, CEO Boehler will announce the new Central Asia Investment Partnership and sign Memorandums of Understanding with representatives from the Republic of Kazakhstan and the Republic of Uzbekistan to bolster economic opportunities in Central Asia.

To mark the occasion, the following statement was released by the Governments of the United States of America, the Republic of Kazakhstan and the Republic of Uzbekistan.

Today the Governments of the United States of America, the Republic of Kazakhstan, and the Republic of Uzbekistan are announcing the launch of the Central Asia Investment Partnership. The participants welcome other countries to join this initiative to promote regional economic partnership and prosperity.

Through this initiative, the U.S. International Development Finance Corporation (DFC), Astana International Financial Centre, acting in the interests of the Government of the Republic of Kazakhstan, and the Ministry of Investments and Foreign Trade of the Republic of Uzbekistan will make all possible efforts to raise at least $1 billion over five years to support projects that advance private-sector led growth and increase economic connectivity within Central Asia and the broader region.

The Central Asia Investment Partnership will advance private sector led projects that exemplify international standards for quality infrastructure and promote inclusive, transparent, and sustainable investments. In doing so, partners will maximize the success and positive impact of the projects and mobilize additional private investment to the region.

The Central Asia Investment Partnership is an important step in advancing U.S. efforts to support economic growth and prosperity for Central Asia. Working through the C5+1 platform, the initiative will seek to take advantage of opportunities for increasing trade, development, and connectivity to make each country in Central Asia stronger and more prosperous. As the region seeks to recover from the economic effects of the COVID-19 pandemic, such cooperation and resilience is more important than ever.

The Central Asia Investment Partnership is based on a respect for the development and prosperity of each of the Central Asian countries.

In addition to supporting regional projects, DFC will continue to deepen its bilateral partnerships in Central Asia through signing bilateral Memorandums of Understanding with the Astana International Financial Centre, acting in the interests of the Government of the Republic of Kazakhstan and the Ministry of Investments and Foreign Trade of the Republic of Uzbekistan and exploring support for investment funds and other bilateral projects.

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U.S. International Development Finance Corporation (DFC) is America’s development bank. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, critical infrastructure, and technology. DFC also provides financing for small businesses and women entrepreneurs in order to create jobs in emerging markets. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.