ITFC and Uzbekistan signed agreements on the sidelines of the meeting of the Arab Coordination Group in Tashkent.

ITFC funds in the amount of $600 million will be used to support trade finance, agriculture and food security financing, as well as strengthen state-owned enterprises, small and medium-sized businesses in critical areas such as pharmaceuticals, food processing, agriculture, textiles and manufacturing.

Under the Murabakh agreement, Uzbekistan will receive $100 million for the purchase of agricultural products to ensure year-round availability of wheat, which will help stabilize wheat prices for local farmers.

In addition to sectoral support, ITFC also allocated $15 million in cooperation with Agrobank and its subsidiary SmartBank. This initiative aims to increase the contribution of the private sector to the economic development of Uzbekistan by providing trade finance solutions. Aimed at supporting the food industry, agriculture, manufacturing and textiles sectors, this funding is also intended to encourage the financing of green projects, consistent with the Sustainable Development Goals.

The agreements underline ITFC's commitment not only to the socio-economic development of Uzbekistan, but also to promoting regional economic integration through the Central Asia+ Trade Cooperation (TCCA+) program.

This program aims to increase trade and investment cooperation among the six countries, contributing to economic growth and stability in Central Asia.