A five-day monitoring mission

Published: 11 February 2004 y., Wednesday
A delegation from the European Bank for Reconstruction and Development (EBRD), headed by Torsten Gersfelt, Chairman of the Board Steering Group, arrived in Tashkent on Monday for a five-day monitoring mission. Along with meeting government officials and representatives of the business and diplomatic communities, the delegation also met NGOs. In March 2003, the EBRD published its strategy for Uzbekistan, which set forth how the development bank might remain a key investor in Uzbekistan's private and public sectors. The bank committed itself to monitor progress on - and review within a year - seven bench marks that would accelerate Uzbekistan’s political and economic reform. The delegation will report back to the board of directors, which will, within a few weeks, consider the future course of the bank’s relationship with Tashkent. The EBRD’s cumulative investments in Uzbekistan stand at some US $660 million. In 2003 the Bank committed $32 million through five projects. Staying in Uzbekistan, newly appointed US Ambassador to Uzbekistan, Jon Purnell said at his first news conference in the country that US aid to Uzbekistan, would continue as normal. International press reports over recent weeks speculated that Washington might cut aid because of perceived lack of progress on human rights. "No assistance will be reduced. The assistance programme of the US to Uzbekistan remains unchanged," he said on Monday. Commenting on the issue of re-registration of international NGOs in the country, Purnell said that they were working with various NGOs to help them meet new registration requirements and they had also bilateral agreement with the government of Uzbekistan, which governed the role of US-based NGOs working in the country. "I see no reason to make any assumption that our NGOs are going to experience any obstacle. We are looking forward that they continue their work in Uzbekistan,” he ascertained. However, Uzbekistan was not listed among 63 countries that have met US administration criteria to be considered for a share of the Millennium Challenge Account (MCA), an unprecedented assistance programme initiated by President Bush that has received wide bipartisan support and $1 billion in funding from Congress, the US State Department announced. The list includes only two Central Asian countries, entitled to aid - Kyrgyzstan and Tajikistan, while Uzbekistan along with Turkmenistan, have been excluded.
Šaltinis: kazakhstannews.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

"The ocean of tomorrow": €34 million dedicated to multidisciplinary research projects to reconcile maritime activities with the preservation of seas and oceans

The European Commission launched "The ocean of tomorrow " call for research proposals. Oceans cover about 70% of the Earth's surface, but human activity is increasing environmental pressure on them. more »

Georgian businesses get additional access to finance

The EBRD is stepping up its support to the real economy in Georgia with new funds for on-lending to local businesses. more »

Lithuania's Ambassador to Germany discussed how to renew the crediting of the export of goods to Lithuania

Lithuania’s Ambassador to Germany and Special Representative for EU External Relations in the German Foreign Office discussed the situation regarding the decision of private credit insurance company in Germany Euler Hermes to apply the rating of a maximum risk country for Lithuania. more »

Parex banka signs subordinated debt agreement with the EBRD

Peter Reiniger Business Group Director for Central Europe and the Western Balkans from the European Bank for Reconstruction and Development visited Latvia to sign subordinated loan agreement with Parex banka. more »

28 million EU support for the promotion of agricultural products

The European Commission has approved 16 programmes in 12 Member States to provide information on and to promote agricultural products in the European Union. more »

Support for struggling dairy industry

New measures to help farmers through recession as milk prices tumble. more »

Bernanke sees economic signs of life

Federal Reserve Chairman Ben Bernanke said the outlook for the long-suffering U.S. economy appears to be improving. more »

International support to modernize water sector in Kyrgyzstan

The Swiss Government and the EBRD are providing €11.8 million to improve the supply of water to some 1 million people living in Bishkek, the capital of the Kyrgyz Republic. more »

The European Commission allocates €70 million for key investment projects in the EU’s Neighbourhood

The Neighbourhood Investment Facility (NIF), a key instrument of the intensified European Neighbourhood Policy (ENP), will benefit in 2009 from a €70 million contribution by the European Commission. more »

EBRD supports construction sector in Romania

In response to the impact of the global crisis on the Romanian construction sector, the EBRD is supporting Lafarge Ciment (Romania) S.A. with a €20 million loan in Romanian lei to finance the company’s operations and to support its working capital requirements. more »