In the second quarter of 2017, the government of Uzbekistan has signed four loan agreements worth $413.04 million with international financial institutions and donor countries. The total cost of projects is $470.24 million.
According to the Ministry of Finance of Uzbekistan, two loan agreements were signed with the Islamic Development Bank (IDB) in the amount of $344.48 million.
In particular, Uzbekistan has raised $300 million from the IDB on the implementation of the project "Construction of modern residential houses in rural areas" (Phase-II)".
The IDB also provided $44.48 million for the project "strengthening the material-technical base of higher educational institutions".
The same direction also draws loan funds by the World Bank. The project cost is $72.95 million, with WB's loan amounting to $42.2 million.
In addition, in the period under review, the Saudi Fund for development has provided Uzbekistan a loan worth $26.36 million for the project "Reconstruction of water supply system in regional centers of Kasan and Mubarek". The project cost is $52.81 million.
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