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NEWS

Government of Uzbekistan and OPEC Fund for International Development sign agreement

www.uzdaily.com/en
26 February 2020

On 25 February 2020, Uzbekistan and the OPEC Fund for International Development (OFID) signed an agreement for US$54 million to finance a project to improve drinking water supply in 22 settlements Yangikurgan district of Namangan region and the city of Namangan.

On behalf of the Government of the Republic of Uzbekistan, the document was signed by Ambassador Sherzod Asadov, and on behalf of the OPEC Fund for International Development, by its Director General Abdulhamid Alkhalifa.

As part of the project, a water supply infrastructure meeting international standards of quality will be created, thanks to which about 200 thousand residents of rural areas of Namangan Oblast will have access to clean drinking water.

Following the signing ceremony, the OFID Director General emphasized the dynamic nature of cooperation between the Fund and the Government of Uzbekistan. Highly appreciating the ongoing large-scale reforms in the country's socio-economic development under the leadership of President Shavkat Mirziyoyev, he expressed hope for further strengthening of cooperation.

Established in 1975, the OPEC Foundation, headquartered in Vienna, is an intergovernmental financial development institution that provides social and economic support to developing countries.

Since 1999, this structure has implemented in Uzbekistan 7 projects in the public sector for a total of about US$80 million. Of this amount, US$47.2 million was allocated for concessional lending to projects in the field of drinking water and sanitation, US$12.73 million allocated for agriculture, US$5 million for the development of transport and education.