The governments of Uzbekistan, Kazakhstan and the United States have announced the creation of the Central Asian Investment Partnership. The corresponding joint statement was circulated on January 7, 2021.

January 07, 2021

Joint Statement on the Announcement of the Central Asia Investment Partnership

The text of the following statement was released by the Governments of the United States of America, the Republic of Kazakhstan, and the Republic of Uzbekistan.

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Today the Governments of the United States of America, the Republic of Kazakhstan, and the Republic of Uzbekistan are announcing the launch of the Central Asia Investment Partnership. The participants welcome other countries to join this initiative to promote regional economic partnership and prosperity.

Through this initiative, the U.S. International Development Finance Corporation (DFC), Astana International Financial Centre, acting in the interests of the Government of the Republic of Kazakhstan, and the Ministry of Investments and Foreign Trade of the Republic of Uzbekistan will make all possible efforts to raise at least $1 billion over five years to support projects that advance private-sector led growth and increase economic connectivity within Central Asia and the broader region.

The Central Asia Investment Partnership will advance private sector led projects that exemplify international standards for quality infrastructure and promote inclusive, transparent, and sustainable investments. In doing so, partners will maximize the success and positive impact of the projects and mobilize additional private investment to the region.

The Central Asia Investment Partnership is an important step in advancing U.S. efforts to support economic growth and prosperity for Central Asia. Working through the C5+1 platform, the initiative will seek to take advantage of opportunities for increasing trade, development, and connectivity to make each country in Central Asia stronger and more prosperous. As the region seeks to recover from the economic effects of the COVID-19 pandemic, such cooperation and resilience is more important than ever.

The Central Asia Investment Partnership is based on a respect for the development and prosperity of each of the Central Asian countries.

In addition to supporting regional projects, DFC will continue to deepen its bilateral partnerships in Central Asia through signing bilateral Memorandums of Understanding with the Astana International Financial Centre, acting in the interests of the Government of the Republic of Kazakhstan and the Ministry of Investments and Foreign Trade of the Republic of Uzbekistan and exploring support for investment funds and other bilateral projects.

Link: https://kz.usembassy.gov/joint-statement-on-the-announcement-of-the-central-asia-investment-partnership/