IFC has finalized an agreement to finance the first wind power plant in Uzbekistan, a 500-megawatt facility in the Navoi region that will power hundreds of thousands of homes, the press service of Corporation reports.

Deputy Prime Minister – Minister of Investments and Foreign Trade of the Republic of Uzbekistan Jamshid Khodjaev received a delegation of the Japan International Cooperation Agency (JICA) headed by Senior Vice President Keiichiro Nakazawa.

On August 18, the President of the Republic of Uzbekistan Shavkat Mirziyoyev received the President of the Islamic Development Bank (IDB) as part of a state visit to Saudi Arabia Muhammad bin Sulayman Al Jassir.

Experts from the Institute for Forecasting and Macroeconomic Research (IPMI) assessed the level of diversification of the republic’s industrial exports. Export diversification involves increasing the number of exported goods and achieving a balanced export structure.

Shavkat Mirziyoyev got acquainted with the results of work on the diversification of transport corridors from Uzbekistan. Since the beginning of the year, the volume of exports has reached $8.2 billion, showing an increase of 1.3 times compared to last year. Uzbek companies have launched the supply of products to 32 new markets, the presentation noted.

On August 3 this year, the Forum of Heads of Regions of the Shanghai Cooperation Organization (SCO) countries began its work in Tashkent. The event is held within the framework of the chairmanship of Uzbekistan in the organization and is intended to become a permanent dialogue platform for deepening interregional cooperation in a number of priority areas.