Uzbekistan and United States discuss financing projects in various fields

By Alimat Aliyeva

Minister of Investment, Industry and Trade of Uzbekistan Laziz Kudratov met with Acting Special Coordinator of the Partnership for Global Infrastructure and Investments of the United States Helain Matz, Azernews reports.

According to the information, during the meeting, the attraction of private financing in projects for the development of transport infrastructure, geology and digitalization was discussed.

It is reported that this initiative, proposed by the United States at the G7 summit in June 2022, is aimed at mobilizing investments for the development of high-quality infrastructure in developing countries.

It is noted that the United States plans to allocate up to $200 billion over five years through grants, federal funding and private investment, and the G7 countries - up to $600 billion. The World Bank and private investment companies such as BlackRock, Brookfield, and Global Infrastructure Partners are involved in the implementation of the initiative.

There was also a constructive exchange of views on a wide range of issues of bilateral cooperation, including investments and the implementation of joint projects.