The head of OPEC OFID can visit Uzbekistan

The head of OPEC OFID can visit Uzbekistan

600 400 eucbi

Tashkent, Uzbekistan ( – On 15 May 2019 Uzbekistan’s Ambassador to Austria Sherzod Asadov met with the director general of the Fund for International Development of the Organization of Petroleum Exporting Countries (OPEC OFID) Abdulhamid Alkhalifa.

Established in 1975, OPEC OFID, headquartered in Vienna, is an intergovernmental development finance institution dedicated to the socio-economic support of developing countries.

Uzbekistan has been cooperating with the OPEC OFID since 1999. Currently, the Fund finances the implementation of two projects in our country for a total of US$26 million, in particular, for water supply to rural settlements of Kashan and Mubarek districts of Kashkadarya region and the development of drinking water infrastructure in Kushrabad district of Samarkand region. In March 2019, the Fund’s Board of Governors approved a project to provide drinking water to 22 localities in Yangikurgan district and the city of Namangan for a total amount of US$54 million.

During the meeting, $ was informed in detail about the Action Strategy initiated by President of Uzbekistan Shavkat Mirziyoyev in five main areas for 2017-2021 and measures taken in the “Year of Active Investments and Social Development”.

Abdulhamid Alkhalifa praised the transformations that have taken place in Uzbekistan in recent years and stressed his inspiration with the dynamism and vigor of Uzbekistan’s foreign policy, which directly contributes to strengthening and expanding the country’s foreign economic relations, enhancing international prestige and strengthening its role in solving regional and international issues.

During the meeting, specific agreements were reached on attracting the assets of the Fund to the implementation of infrastructure projects in Surkhandarya region and opening preferential loans for representatives of the private sector of Uzbekistan.

Abdulhamid Alkhalifa also expressed his readiness to make a visit to Uzbekistan before the end of this year in order to get more familiar with the course of economic reforms and discuss with the officials of our country further prospects for fruitful cooperation with the Foundation he heads.