Uzbekistan and the European Bank for Reconstruction and Development (EBRD) will by late 2017 develop a strategy of cooperation for the next four years, EBRD President Suma Chakrabarti told a press conference in Uzbekistan March 16.
A memorandum of understanding was signed between the EBRD and the Uzbek government, according to him.
The EBRD president said that during the meeting with Uzbek President Shavkat Mirziyoyev, the sides discussed priority areas of cooperation.
Those include projects for support of small business, support of reforms in the banking system, transportation, communications and infrastructure, as well as trade facilitation, said Suma Chakrabarti.
The EBRD’s main goal is helping Uzbekistan to make full use of the existing potential for economic development, he added.
Chakrabarti noted that he supports Uzbekistan’s development strategy for 2017-2021, which was presented to the bank’s delegation.