Bangkok:Chairman of the Islamic Development Bank (IsDB) Group, Dr. Muhammad Al Jasser, met with Dr. Djamshid Kuchkarov, Deputy Prime Minister and Minister of Economy and Finance of Uzbekistan, to discuss the next phase of their strategic cooperation. The meeting took place during the 2026 World Bank Group and International Monetary Fund Annual Meetings.
According to Saudi Press Agency, the discussions highlighted Uzbekistan's development priorities, focusing on sectors such as transport, renewable energy, water resource management, health, Islamic finance, SME development, capacity building, and trade finance. Both parties explored ways to deepen collaboration in these areas to support Uzbekistan's economic transformation and sustainable growth.
An agreement was signed between IsDB and the government of Uzbekistan for the Agricultural Mechanization Development Project, valued at $202 million and fully financed by IsDB. This initiative aims to enhance access to modern, efficient, and climate-smart agricultural machinery, thereby boosting productivity and resource efficiency while supporting value-chain development.
Both parties emphasized the significance of their cooperation and advancing development initiatives that align with Uzbekistan's long-term goals. Dr. Al Jasser reiterated IsDB's commitment to supporting Uzbekistan in achieving sustainable and inclusive economic growth.