AUSTRALIAN ASSOCIATED PRESS
  • TRUSTED
  • ACCURATE
  • IMPARTIAL
DONATE SUBSCRIBE
  • contract

President of Uzbekistan Expands Partnership with AIIB during Landmark Visit

PRNewswire January 24, 2024
  • Three-year investment program signed.
  • Memorandum on Uzbekistan hosting AIIB’s 9th Annual Meeting signed.

BEIJING, Jan. 24, 2024 /PRNewswire/ — H.E. Shavkat Mirziyoyev, President of the Republic of Uzbekistan met with Asian Infrastructure Investment Bank (AIIB) President Jin Liqun at AIIB’s Headquarters in Beijing on January 24. The two leaders held bilateral meetings and agreed on enhancing further cooperation and partnerships.

During the meeting, President Mirziyoyev praised AIIB for achieving rapid growth since its operations and for playing an important role in the multilateral development community. He recognized AIIB’s sound governance and high international standards.

President Jin said that, “as a founding member, Uzbekistan has actively contributed to AIIB’s development since its inception.” He reaffirmed AIIB’s strategic commitment to continue supporting Uzbekistan’s sustainable growth.

The two leaders lauded the elevated level of engagement achieved in recent years. They reviewed the current infrastructure investment landscape and discussed opportunities to further expand cooperation. As a result, a three-year investment program was agreed on and signed, with the goal of further supporting Uzbekistan’s development in multiple sectors across the country. To date, the Bank has approved 14 projects in Uzbekistan amounting to USD3.1 billion, making it the 7th largest portfolio by member.

In 2023, AIIB announced that it would hold its 2024 Annual Meeting in Samarkand, Uzbekistan, on Sep. 25-26, marking the first time AIIB would hold its flagship event in Central Asia. During the delegation’s visit to AIIB, the memorandum for hosting the 2024 Annual Meeting was officially signed between AIIB and the Uzbekistan government.

About AIIB

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow—infrastructure with sustainability at its core. We began operations in Beijing in January 2016 and have since grown to 109 approved members worldwide. We are capitalized at USD100 billion and Triple-A-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.

Cision View original content:https://www.prnewswire.com/apac/news-releases/president-of-uzbekistan-expands-partnership-with-aiib-during-landmark-visit-302043169.html

SOURCE AIIB

Keep updated

Latest Releases

Latest News

AAPR aggregates press releases and media statements from around the world to assist our news partners with identifying and creating timely and relevant news.

All of the press releases published on this website are third-party content and AAP was not involved in the creation of it. Read the full terms.

AAP FactCheck

  • Information you can trust
  • Written by trained, experienced journalists using authoritative sources
  • Accredited by the International Fact-Checking Network (IFCN)

AAP FactCheck provides factual, authoritative information Australians can rely on. Accredited with the Poynter Institute's International Fact-Checking Network and adhering to the highest industry standards, our experienced team works to minimise the impact of misinformation.

AAP Photos

  • Award-winning Australian Photography
  • Editorial or Commercial use
  • Subscriptions or one-off licences

Image buyers from all industries rely on AAP Photos. A digital treasure trove of content depicting Australian life, our fully-searchable database contains millions of images from around the country and around the world.

AAPNews

  • News delivered to your inbox
  • Trusted, reliable and accurate
  • Corporate and individual packages available

AAPNews delivers newswire content direct to the public. Choose from a number of subscription models to not only gain access to high-quality fact-based news on your desktop or mobile device, but also to show your support for Australia's only not-for-profit newswire.

Newsroom

  • The wire – up to the minute news at your fingertips
  • Feeds delivered to your CMS
  • Agenda – AAP’s planning and events tool

Get the news feed your organisation needs, with AAP offering extensive coverage of news, courts, politics, sports, finance and the arts. Take advantage of AAP’s partner content to get the international news that matters to your business, with news feeds delivered via multiple channels including API and FTP.