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OPIC CEO Signs Commitment with Republic of Uzbekistan Supporting Investment in Emerging Markets

Thursday, 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.