The Islamic Development Bank (IDB) will provide $44.48 million to Uzbekistan in loans to "strengthen the material and resource base of Uzbekistan’s universities".
The project is aimed at improving the quality of education, training, and educational processes.
Uzbekistan will provide $12.493 million in tax and customs waivers.
The project will be included in the 2019 investment program to be implemented by 2022.
The project implementation will be coordinated by the Ministry of Higher and Secondary Special Education.
On May 18, 2017 the Islamic Development Bank and the Republic of Uzbekistan signed an $ 44.48 million Purchase By Installments deal for the implementation of the Strengthening the Material and Resource Base of Uzbekistan’s Universities project.