IsDB to fund $202m agricultural mechanisation project in Uzbekistan

The Islamic Development Bank (IsDB) and the government of Uzbekistan have signed an agreement to implement a $202 million agricultural mechanisation project. The IsDB will finance the full amount. The document was signed in Bangkok on 15 October 2026, on the sidelines of the annual meetings of the World Bank Group and the International Monetary Fund.

The agreement was the key outcome of a meeting between IsDB Group President Muhammad Al-Jasser, International Islamic Trade Finance Corporation (ITFC) Director General Adeeb Youssef Al-Ama and Uzbekistan's Deputy Prime Minister and Minister of Economy and Finance Jamshid Kuchkarov. The project aims to expand access to modern, highly efficient farm machinery adapted to climate conditions. Its implementation is expected to raise agricultural productivity, improve resource use and support the development of agricultural value chains.

Participants also discussed further cooperation between Uzbekistan and the IsDB Group in transport, renewable energy, water management, healthcare, Islamic finance, support for small and medium-sized businesses, human capital development and trade finance. Al-Jasser confirmed the bank's readiness to continue close engagement with the Uzbek government.