As part of the working visit to Baku, a meeting was held between the President of the Republic of Uzbekistan Shavkat Mirziyoyev and the Chairman of the Islamic Development Bank Muhammad Sulaiman Al Jasser.

The issues of enhancing cooperation with this leading international financial institution were discussed.

The President of Uzbekistan highly appreciated the dynamic development of the partnership with the IsDB. In March of this year, a meeting of the Arab Coordination Group headed by the bank was successfully held in Tashkent, with the participation of leading financial institutions of the Islamic world.

The portfolio of projects with the IsDB has exceeded $4 billion, 40 percent of which are in the private sector.

The capital of the joint Economic Empowerment Fund for Uzbekistan, created with the bank’s participation, is consistently being formed.

Special attention was paid to enhancing practical interaction in implementing new projects and programs in education, healthcare, infrastructure, ecology, entrepreneurship, mobilization of private investment, and the active involvement of bank structures in project activities.

Views were exchanged on the issue of the IsDB’s participation in financing large investment projects in the industry and extractive sector of Uzbekistan.

UzA