AFD to extend its cooperation with Uzbekistan by 2025
published on 11 May 2021
By 2025, AFD plans to mobilize about one billion euros in the form of loans, technical assistance and grants to support the reform agenda of the Government of Uzbekistan.
On the 10th May, 2021, a second Partnership Agreement was endorsed between The Ministry of Investments and Foreign Trade of the Republic of Uzbekistan and Agence Francaise de Developpement (AFD) in Tashkent. The signing ceremony took place during the visit of French Minister Delegate for Foreign Trade and Economic Attractiveness Mr. Franck Riester and in the presence of Mr. Sardor Umurzakov, Deputy-Prime Minister and Minister of the Investments and Foreign Trade of the Republic of Uzbekistan.
In the aftermath of the annual consultations between AFD Group and the Government of Uzbekistan, which took place on 11 February 2021, the Parties have developed a new indicative cooperation program for the period 2021 - 2025 signed during the ministerial visit.
In line with AFD’s “green growth and solidarity” mandate and the Paris Agreement, the funds will be allocated for the implementation of joint projects in the field of water supply and sanitation, energy and hydropower, energy saving and energy-efficient technologies using alternative energy resources, agriculture, environmental protection and sustainable resource management, including solid waste, support to the private sector and public policy budgetary loans. One of the project envisaged is on the Aral Sea region, where AFD intends to co-finance with the European Investment Bank a project on forestry and rural development.
Vincent Caupin, Director of AFD for Uzbekistan and Kazakhstan stated that “This new partnership agreement represents a milestone in our fruitful cooperation with the Government of Uzbekistan to the benefit of population while preserving environment”.
Since 2016, 7 operations have been granted by AFD to the Government of Uzbekistan, by financing projects in various sectors (solid waste, sanitation, hydroelectricity, livestock) as well as by public policy budgetary loans (economic and financial governance, energy-climate) for a cumulative amount of commitments of more than EUR 630 millions of sovereign loans
Deputy Minister Shukhrat Vafaev noted ’’with satisfaction the intensification of bilateral relations and the signing of the partnership agreement for 2021-2025, which creates new opportunities for cooperation in the field of water supply, sewerage, energy, agriculture, environmental protection, private sector development and many others in order to improve the well-being of the population and preserve the environment of the Republic of Uzbekistan’’.
The signing of this document will create favorable conditions for conducting investment activities, which in turn will lead to the development of mutually beneficial investment and economic ties, as well as strengthen cooperation between the Government of Uzbekistan and the French Republic.
Contact: Irodakhon Abdul-Kodirova | +99890 958 00 21
