A meeting was held with the delegation of the International Finance Corporation at the Ministry of Economy and Finance

On December 11 of this year, representatives of the Department for the Implementation of Industrial Policy of the Ministry of Economy and Finance held a meeting with the delegation of the International Finance Corporation (IFC), the PR and Communications Department of the Ministry of Economy and Finance reports.

The delegation was headed by Sakshi Varma, who leads IFC’s advisory projects on “Green Buildings” and the development of the electric vehicle sector in Uzbekistan.

The meeting was dedicated to discussing the practical work being carried out within the framework of the cooperation agreement signed between the IFC, a member of the World Bank Group, and Uzbekistan on October 23, 2024.

During the conversation, the parties exchanged views on the processes of developing a “roadmap” for the development of the electric vehicle sector in Uzbekistan. IFC proposals for the formation of an electric vehicle market, expanding the capabilities of domestic manufacturers, and creating favorable conditions for consumers were also considered.

In addition, issues of simplifying and increasing the efficiency of land allocation processes for expanding the network of charging stations, strengthening the participation of the private sector in the development of electric vehicle infrastructure, and improving mechanisms for attracting and regulating investments were discussed.

IFC representatives expressed their readiness to support Uzbekistan’s strategy for transitioning to a “green” economy. It was noted that the electric vehicle sector is one of the main directions for increasing environmental sustainability and energy efficiency in the country.

Following the meeting, the parties agreed to continue close cooperation on the practical implementation of the “roadmap,” the improvement of regulatory documents, the alignment of technical regulations with international standards, and the preparation of new investment projects.