Uzbekistan, U.S. and Kazakhstan launch $1 billion project

AKIPRESS.COM - 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 U.S. Embassy said. 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.