(MENAFN- Trend News Agency)
TASHKENT, Uzbekistan, October 21. Minister of
Economy and Finance of Uzbekistan, Jamshid Kuchkarov, met with
representatives of the International Finance Corporation (IFC) and
the World Bank Group to discuss the development of bilateral
cooperation and ongoing initiatives in the textile industry under
the “Better Work” program, Trend reports.
The meeting was attended by Wagner Albuquerque de Almeida,
Global Director for Manufacturing, Agribusiness, and Services at
the IFC; Larissa Luy, Director for Environmental and Social Risk at
the World Bank Group; Roopa Nair, Director of the “Better Work”
Program; and other senior representatives.
Discussions focused on advancing the “Better Work Uzbekistan”
program in collaboration with international partners. Special
attention was given to expanding the program’s geographical and
sectoral reach, attracting new enterprises, and enhancing the
skills and qualifications of industry personnel.
The parties also explored new initiatives to further develop
Uzbekistan’s light industry, particularly the textile sector. This
includes preparing a 12-month strategic program to strengthen the
textile industry and a detailed roadmap outlining specific measures
for its implementation.
Following the meeting, participants agreed to deepen cooperation
under the “Better Work Uzbekistan” program, enhance the
international exchange of experience, and establish a mechanism for
continuous dialogue.
The Better Work program is designed to promote labor standards
and enhance the competitiveness of textile and garment factories by
assessing compliance with established requirements, providing
training, and offering technical support. It aims to support the
development of the sector while ensuring adherence to labor
standards at Uzbekistan’s textile and garment enterprises.
Meanwhile, as of September 30, 2025, the EBRD’s project
portfolio in Uzbekistan totals 2.8 billion euros. Overall, the Bank
has allocated 5.35 billion euros across 188 strategic initiatives
in the country, underscoring its role as a leading investor in
Uzbekistan.
MENAFN21102025000187011040ID1110226324
Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.
