The meeting focused on prospects for expanding cooperation with the Nordic Investment Bank, including opportunities to attract financing for the implementation of projects in Uzbekistan.

Javlon Vakhabov noted that Uzbekistan is consistently strengthening its investment climate by creating favorable conditions for foreign investors, including legal guarantees for investment protection, principles of equality, and various incentives aimed at attracting capital.

According to him, the reforms being carried out in the country, including the liberalization of the foreign exchange market, the improvement of market institutions, and the ongoing modernization of legislation, are aimed at increasing economic transparency and strengthening the protection of investors’ rights.

The sides emphasized that these positive changes open new opportunities for attracting investment from international financial institutions, including the Nordic Investment Bank, to support projects in Uzbekistan, particularly in the areas of green energy, sustainable infrastructure, water resource management, energy efficiency, and climate change adaptation.

The Nordic Investment Bank is an international financial institution owned by eight countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. The Bank finances projects aimed at improving economic productivity and environmental conditions in the Nordic and Baltic countries, as well as in other regions.

The Bank was founded in 1975 and began its operations in 1976. The Baltic states joined the institution in 2005. The Bank’s headquarters is located in Helsinki, while its regional office is based in Riga.