U.S, Kazakhstan and Uzbekistan
08.01.2021
Uzbekistan, Kazakhstan and the USA will cooperate on the launch of the Central Asian Investment Partnership initiative. A corresponding joint statement was signed on January 7. The governments are planning to attract some $1bn over five years.
These funds are expected to support projects that advance private-sector-led growth and increase economic connectivity within Central Asia and the broader region. “The Central Asia Investment Partnership will advance private sector led projects that exemplify international standards for quality infrastructure and promote inclusive, transparent, and sustainable investments. In doing so, partners will maximize the success and positive impact of the projects and mobilize additional private investment to the region”, the statement says. The participants also said they welcome other countries to join this initiative to promote regional economic partnership and prosperity. The Central Asia Investment Partnership is an important step in advancing U.S. efforts to support economic growth and prosperity for Central Asia. Working through the C5+1 platform, the initiative will seek to take advantage of opportunities for increasing trade, development, and connectivity to make each country in Central Asia stronger and more prosperous. As the region seeks to recover from the economic effects of the COVID-19 pandemic, such cooperation and resilience is more important than ever. The Central Asia Investment Partnership is based on a respect for the development and prosperity of each of the Central Asian countries. In addition to supporting regional projects, DFC will continue to deepen its bilateral partnerships in Central Asia through signing bilateral Memorandums of Understanding with the Astana International Financial Centre, acting in the interests of the Government of the Republic of Kazakhstan and the Ministry of Investments and Foreign Trade of the Republic of Uzbekistan and exploring support for investment funds and other bilateral projects.
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