AKIPRESS.COM - The Deputy Prime Minister – Minister of Investments and Foreign Trade of Uzbekistan, Sardor Umurzakov, has met with President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso in London.

According to the Ministry of Investments and Foreign Trade (MIFT), discussions focused on expansion of bilateral cooperation.

The EBRD President expressed commitment to further support of implementation of the program of socio-economic reforms carried out in Uzbekistan and the promotion of joint initiatives.

The progress of the implementation of the current investment portfolio, consisting of 16 projects worth over 1 billion Euros, was considered.

Following the talks, the parties agreed to continue joint activities to promote the agreements reached and develop new areas of multifaceted partnership.

A memorandum of understanding was signed between the Ministry of Investments and Foreign Trade of Uzbekistan, the Ministry of Water Resources of the Republic of Uzbekistan and the EBRD regarding cooperation in the development of institutional management and digitalization in the irrigation water supply sector in Uzbekistan.