Search
The Global Partnership for Education AND the Islamic Development Bank Celebrate Innovative Financing
To date, SmartEd has allocated $350 million to projects in Cameroon, the Kyrgyz Republic, and Uzbekistan. ... For instance, in 2023, Uzbekistan leveraged $160 million in co-financing through SmartEd to secure a $40 million GPE Multiplier grant.
The Minister of Investments, Industry and Trade of the Republic of Uzbekistan Laziz Kudratov was quoted saying: “We are honoured to host the launch of this transformative economic initiative, following the development and progress made at last year’s Forum. We are united with ITFC in our shared goal to unlock the immense investment potential in Uzbekistan, and strongly support their efforts to drive economic prosperity across the wider region.”
“In our efforts to build better and more resilient education systems, member countries like Cameroon, Kyrgyz Republic and Uzbekistan must be supported with financial tools to complement domestic resources. ... Cameroon, Kyrgyz Republic and Uzbekistan to access more than half of the US$500 million in available funding to get millions more boys and girls into school and learning
The main aim of the Workshop was to discuss the initial findings of a mapping study that analyzes the underlying drivers of regional integration in Central Asia and identifies niche areas of further support to the Region, covering Kazakhstan, Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan. ... The two-day workshop was attended by 20 officials from five Central Asian countries’ officials namely Kazakhstan, Uzbekistan, Tajikistan, Kyrgyzstan, and Turkmenistan, in addition to the representatives from IsDB, AIIB, and MCDF.
In the Republic of Uzbekistan, IsDB will be providing US$ 160.25 million as co-financing contribution to the Joint US$ 220.25 million IsDB/ISFD/GPE Smart-Ed Project. Other financiers are the Global Partnership for Education (GPE), the Islamic Solidarity Fund for Development (ISFD), as well as the Government of Uzbekistan.
Uzbekistan US$ 30.00 million for the Enhancing Access to Quality Early Childhood Education Project. The project aims to support the Government of Uzbekistan's target of achieving universal preschool enrollment.
Muhammad Sulaiman Al Jasser, President of the Islamic Development Bank Group, emphasized the need for financial support to build better and more resilient education systems in countries like Cameroon, Kyrgyz Republic, and Uzbekistan. ... Arab Coordination Group Smart Education Financing Initiative (ACG SmartEd) Extends Lifeline to Cameroon, Kyrgyz Republic, and Uzbekistan
In the Republic of Uzbekistan, IsDB will be providing US$ 160.25 million as co-financing contribution to the Joint US$ 220.25 million IsDB/ISFD/GPE Smart-Ed Project. Other financiers are the Global Partnership for Education (GPE), the Islamic Solidarity Fund for Development (ISFD), as well as the Government of Uzbekistan.
The EUR 100 million Surkhandarya Combined Cycle Power Plant Project for the Republic of Uzbekistan is expected to meet the growing demand for the country’s energy consumption and substitute the aging and inefficient fleet of gas-fired thermal power plants. ... PPP Projects: The Republic of Uzbekistan IsDB’s contribution is EUR 100 million for Surkhandarya Combined Cycle Power Plant Project.
The IsDB Board financing approvals will also provide US$92.98 million to Uzbekistan’s health sector, thus contributing to enhancing health care services in Kashkadarya region. In addition, US$ 10 million additional financing was approved by Management to the Support to Development of Oncology Services Project in Uzbekistan (Phase-II).