Bangkok, Thailand, 15 October 2026 — The Chairman of the Islamic Development Bank (IsDB) Group, H.E. Dr. Muhammad Al Jasser, accompanied by Eng. Adeeb Yousuf Al Aama, CEO of the International Islamic Trade Finance Corporation (ITFC), met with the Deputy Prime Minister and Minister of Economy and Finance of the Republic of Uzbekistan, H.E. Dr. Djamshid Kuchkarov, to discuss the next phase of the IsDB Group–Uzbekistan partnership during a bilateral meeting held on the sidelines of the 2026 World Bank Group and International Monetary Fund Annual Meetings in Bangkok.

The discussions focused on Uzbekistan’s priority development agenda across transport, renewable energy, water resource management, health, Islamic finance, small and medium-sized enterprise (SME) development, capacity building, and trade finance. The two sides explored opportunities to deepen cooperation in these areas to support Uzbekistan’s economic transformation and sustainable growth.

A key milestone of the engagement was the signing of an agreement between IsDB and the Government of Uzbekistan for the Agricultural Mechanisation Development Project, with a total cost of US$202 million, fully financed by IsDB. The project aims to expand access to modern, efficient, and climate-smart agricultural machinery, helping to boost productivity, improve resource efficiency, and foster inclusive value-chain development.

The two sides also examined opportunities to strengthen their strategic partnership through expanded cooperation in priority development sectors, including support for SMEs, Islamic finance, capacity building, and trade finance, to advance sustainable economic development and create broader economic opportunities.

Both sides reaffirmed the importance of deepening cooperation and advancing development initiatives that contribute to Uzbekistan’s economic transformation and long-term development priorities.

Dr. Al Jasser reiterated the IsDB Group’s commitment to working closely with the Government of Uzbekistan to advance sustainable and inclusive economic growth and support the country’s development aspirations.

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