The Overseas Private Investment Corporation (OPIC) under the US government is resuming activity in Uzbekistan. This statement was made during the meeting of the OPIC Executive Vice President D. Bohigian and the Uzbek Senate vice-chairman Sodiq Safoev.
The parties stressed that as an outcome of the visit of the President Shavkat Mirziyoyev to the U.S. in May 2018, a joint statement "The United States and Uzbekistan: Launching a New Era of Strategic Partnership" was adopted.
Road maps are being prepared to implement the US$ 5 billion worth of deals.
The US delegation stressed that OPIC was set to resume activity in Uzbekistan and to help the U.S. businesses in investing in the Uzbek market through loans and guarantees.
OPIC officials stressed that the Uzbek market was considered as promising for making investments, which was due to the “stable political and economic situation in the country, as well as guaranteed investor safety”.
The corporation also renders support in the creation of private and managed investment funds. Besides providing capital, OPIC helps developing countries gain access to management skills and financial expertise, which are key factors in expanding economic development and creating new opportunities for entrepreneurs in developing countries.