OPIC CEO Signs Commitment with Republic of Uzbekistan Supporting Investment in Emerging Markets
May 17, 2018
(OPIC)
WASHINGTON, D.C. – Overseas Private
Investment Corporation (OPIC), the U.S.
Government’s development finance institution,
Executive Vice President David Bohigian and
Uzbek Deputy Prime Minister Sukhrob Kholmuradov
today signed a Memorandum of Understanding
(MOU) highlighting their commitment to tackling
development challenges and bolstering
investment in natural resources, energy,
infrastructure and other critical sectors in
Uzbekistan.
The agreement develops a framework for
cooperation between the agencies to support for
investment in emerging markets by mutually
collaborating on projects that meet policy
objectives and by coordinating business
development efforts.
“This signing today will allow us to have a
broader impact while strengthening the
continued work between the U.S. and
Uzbekistan,” Bohigian said. “Through
focusing on natural resources, energy, and
infrastructure projects around the globe, we
can enhance the position of our respective
private sector companies and raise standards in
an increasingly competitive global market.”
The MOU follows the recent Uzbekistan-U.S.
Economic Dialogue, when the Governments of
Uzbekistan and the U.S. committed to increasing
natural resources and infrastructure projects
in emerging markets. To date, OPIC and
Uzbekistan have coordinated support for several
projects together including the expansion of a
co-educational day school in Tashkent and
various hotel constructions in Bukhara for the
growing tourism sector in Uzbekistan.
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