New projects for cooperation

Delegation led by managing director of the European Bank for Reconstruction and Development for Central Asia and Russia Natalia Khanjenkova visited Nukus.

Members of the delegation met with Chairman of the Jokargy Kenes of the Republic of Karakalpakstan M.Erniyazov.

The guests were informed about geographical features and administrative-territorial division, lifestyle of the population and national wealth of Karakalpakstan, work carried out in accordance with the resolutions of the President of Uzbekistan “On the State program for development of the Aral Sea region for 2017-2021” of January 18, and “On additional measures of economic development and ensuring employment of the population of Muynak district of the Republic of Karakalpakstan for the period of 2017-2018” of February 28, 2017.

N.Khanjenkova noted the resumption and consistent development of cooperation between the European Bank for Reconstruction and Development and Uzbekistan.

At the meeting, the sides exchanged views on the issues of development small business and private entrepreneurship, tourism industry in Karakalpakstan.

Members of the delegation participated in seminar-training “Mechanisms of cooperation of the European Bank for reconstruction and development with small and medium-sized businesses” held in the Council of Ministries of the Republic of Karakalpakstan.

At the event with participation of responsible persons of district and city administrations of the Republic of Karakalpakstan, representatives of commercial banks, entrepreneurs of Karakalpakstan and Khorezm region, reports on “Methods of supporting small and medium-sized businesses by EBRD”, “Councils for private sector”, “Financing private sector through local financial institutions” were heard.

It was noted that loan agreement for 110 million soums was reached between the government of Uzbekistan and the European Bank for Reconstruction and Development in November 2017. A memorandum on financing projects in the sphere of tourism and preservation of cultural heritage was signed in February 2018. Uzbekistan became the first country selected for participation in “Cultural heritage” project, for which the EBRD will allocate 150 million euros in total.

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