Jeddah - SPA
IsDB and Uzbekistan Discuss Next Phase of Strategic Cooperation
Chairman of the Islamic Development Bank (IsDB) Group Dr. Muhammad Al Jasser met with Deputy Prime Minister and Minister of Economy and Finance of the Republic of Uzbekistan Dr. Djamshid Kuchkarov on the sidelines of the 2026 World Bank Group and International Monetary Fund Annual Meetings in Bangkok to discuss the next phase of the IsDB Group–Uzbekistan partnership.
The discussions focused on Uzbekistan's development priorities, including transport, renewable energy, water resource management, health, Islamic finance, small and medium-sized enterprise (SME) development, capacity building, and trade finance. The two sides explored opportunities to deepen cooperation in these areas to support Uzbekistan's economic transformation and sustainable growth.
The meeting saw the signing of an agreement between IsDB and the government of Uzbekistan for the Agricultural Mechanization Development Project, with a total cost of $202 million, fully financed by IsDB. The project aims to expand access to modern, efficient, and climate-smart agricultural machinery to help boost productivity, improve resource efficiency, and support comprehensive value-chain development.
Both sides affirmed the importance of deepening cooperation and advancing development initiatives that contribute to Uzbekistan's economic transformation and help fulfill its long-term development priorities. Al Jasser reiterated the IsDB Group's commitment to working closely with the government of Uzbekistan to advance sustainable and inclusive economic growth and support the country's development aspirations.
