The Asian Development Bank (ADB) has approved an $80 million loan for the electrification of 145 kilometers (km) of railway in Uzbekistan, linking the cities of Pap, Namangan, and Andijan. The electrified track is part of the Central Asia Regional Economic Cooperation (CAREC) Corridor 2, a critical transport link in the region.
On April 11, 2017, the World Bank and the Government of Uzbekistan signed a US$50 million Credit Agreement for the Modernizing Higher Education Project that will support the country in strengthening the management of its higher education system and improving its quality and relevance to the labor market.
The Uzbek Senate hosted the meeting between the first Deputy Chairman of the Senate, Sodiq Safoev with the World Bank’s Acting Country Manager for Uzbekistan, Jan-Peter Olters.
On March 31, 2017, President Shavkat Mirziyoyev signed a decree on creation of the State Committee for Investments, a body which will be responsible for coordinating the formation and implementation of a common government investment policy and attracting foreign investment.
On March 16, 2017, the President of Uzbekistan, Shavkat Mirziyoyev received the President of the European Bank for Reconstruction and Development, Suma Chakrabarti.
On March 16, 2017, the Uzbek Foreign Minister, Abdulaziz Kamilov met with the President of the European Bank for Reconstruction and Development, Suma Chakrabarti, who arrived in Uzbekistan as the head of the EBRD delegation, a statement of the Foreign Ministry said.
The President Shavkat Mirziyoyev with his March 13 Decree "On additional measures to expand the scale of construction of affordable housing in Tashkent city for 2017-2021" has established a joint-stock housing construction and savings Poytakht Bank, a statement of the Central Bank said.
The Competition Committee together with the Research Center, the Central Securities Depository and Tashkent Stock Exchange developed Uzbekistan’s Secondary Securities Market Development Concept for 2017-2018.