The course of implementation of joint projects within the framework of bilateral financial and technical cooperation with the Republic of Korea was discussed

    Investments 22 July 2022 1309

    On July 20 of this year, the Ministry of Investment and Foreign Trade held an annual dialogue to discuss financial and technical cooperation with the Republic of Korea. Representatives of the Ministry of Economy and Finance, as well as Eximbank of the Republic of Korea took part in the event from the foreign side.

    To date, work is actively underway to implement five projects in the field of healthcare, pharmaceuticals, and the chemical industry in the amount of more than $ 548 million, which are financed by long-term concessional loans from the Republic of Korea.

    During the meeting, the current status of projects implemented with the Republic of Korea at the expense of concessional loan funds of the Fund for Economic Development and Cooperation of Eximbank of Korea (EDCF) was reviewed.

    In particular, further steps on priority projects for 2022 were discussed: "Creation of a medical cluster" ($383 million), "Creation of research and educational components of the innovative research and production pharmaceutical cluster "Tashkent Pharma Park" ($198.6 million).

    The parties also discussed the possibility of simplifying the procedures preceding the signing of loan agreements and outlined new promising areas of cooperation, including the development of regional road and rail links and digitalization of the healthcare sector.

    As a result of the dialogue, a list of promising projects for 2022-2024 was agreed upon, as well as specific measures to accelerate their implementation were identified, the press service of the MIVT of the Republic of Uzbekistan reports.