Uzbekistan and IFC discuss transport and energy projects

Uzbekistan and the International Finance Corporation (IFC) discussed cooperation in infrastructure, energy, water management and private sector development. The meeting between Deputy Prime Minister and Minister of Economy and Finance Jamshid Kuchkarov and IFC Regional Vice President for the Middle East and Central Asia Imad Fakhoury took place on 15 October 2026 in Bangkok, on the sidelines of the IMF and World Bank annual meetings.

Proposed initiatives included a toll road from Tashkent to Andijan, modernization of power distribution systems and irrigation pumping stations, public-private partnership in water management, and construction of general schools in the regions. The sides also discussed IFC expertise for the mortgage market and privatization of state-owned enterprises.

The parties agreed to strengthen cooperation and continue exchanging views. The announcement did not specify timelines or financing parameters.