RIYADH, October 26. /Dunyo IA/. President of the Islamic Development Bank Group, Dr. Muhammad Al Jasser, met with the Deputy Prime Minister and Minister of Economy and Finance of Uzbekistan Jamshid Kuchkarov, on the sidelines of the 2026 Annual Meetings of the World Bank Group and the International Monetary Fund in Bangkok, reports Dunyo IA correspondent, citing with reference to the “Saudi Press Agency”.

Parties discussed the next phase of partnership and priority areas for the development of Uzbekistan: transport, renewable energy, water resources management, healthcare, Islamic finance, small and medium enterprise development, capacity building and trade finance. Opportunities for deepening cooperation in these areas to support economic transformation and sustainable growth were reviewed.

During the meeting, IsDB and the Government of Uzbekistan signed an agreement for the “Agricultural Mechanization Development Project” with a total value of 202 million US dollars, which is fully financed by the bank. The project aims to expand access to modern, efficient, and climate-smart agricultural machinery, thereby enhancing productivity, improving resource efficiency and developing value chains.

Parties emphasized the importance of deepening cooperation and promoting initiatives that contribute to economic transformation in Uzbekistan and the achievement of its long-term priorities. Dr. Muhammad Al Jasser reaffirmed the IsDB Group's commitment to working closely with the Government of Uzbekistan to foster sustainable and inclusive growth.