The Ministry of Finance of the Republic of Uzbekistan reported on a high-level meeting with the World Bank during the World Bank Group and International Monetary Fund Spring Meetings, alongside the signing of agreements for a set of investment projects. The discussions between Deputy Prime Minister and Minister of Economy and Finance Jamshid Kuchkarov and World Bank Europe and Central Asia Vice President Antonella Bassani covered current macroeconomic trends, the implementation of ongoing joint projects, and priorities including budget support programmes, infrastructure development, financing tools, and digital transformation and institutional development. The signed project package included an agreement to reconstruct a section of the M41 on the Bishkek–Dushanbe–Termez international highway, covering around 97 km and предусматривая widening to four lanes plus construction of bridges and overpasses. It also covered the REMIT regional energy infrastructure project, including new 220 kV transmission lines and substation modernisation to improve the reliability of electricity supply in the Fergana Valley, and the FINGROW project to expand small and medium-sized enterprise access to finance through guarantee mechanisms and support for green and energy-efficiency projects. The meeting concluded with an agreement to further expand strategic cooperation and continue work across priority areas.
Ministry of Finance (Republic of Uzbekistan) 2026-04-17
Ministry of Finance of the Republic of Uzbekistan signs World Bank agreements to reconstruct 97 km of the M41 highway and advance REMIT and FINGROW projects
Uzbekistan’s Ministry of Finance held a high-level meeting with the World Bank during the Spring Meetings and signed agreements for a package of investment projects. These include reconstruction and widening of a 97 km section of the M41 international highway, the REMIT regional energy infrastructure project to upgrade 220 kV transmission lines and substations in the Fergana Valley, and the FINGROW project to expand SME access to finance, including for green and energy-efficiency initiatives. The parties agreed to further expand cooperation in budget support, infrastructure, financing tools, digital transformation and institutional development.