BAKU, Azerbaijan, June 17. Fergana Region
Governor met with World Bank Vice President for Development Finance
to discuss expanding cooperation and advancing future development
projects.
This was reflected in the statement by the Fergana Regional
Administration, following the meeting between Khayrullo Bozorov,
Governor and Akihiko Nishio, World Bank Vice President for
Development Finance, on the sidelines of the Tashkent International
Investment Forum.
During the meeting, Bozorov praised the World Bank’s efforts to
support Uzbekistan’s economic development and highlighted the
growing number and scale of World Bank-backed projects in Fergana
Region in recent years. He said these initiatives have contributed
to infrastructure improvements and helped raise living standards in
the region.
The governor also presented Fergana’s economic and investment
potential, outlining key priorities for regional development. He
noted that international ratings agency Fitch Ratings recently
reaffirmed Fergana Region’s long-term credit rating at BB- with a
Stable Outlook, a move he said could help attract additional
financing from international financial institutions and expand
investment partnerships.
For his part, Nishio acknowledged Uzbekistan’s strong economic
growth and welcomed the effective use of development financing and
investments in the region.
The two sides agreed to strengthen cooperation, establish a
mechanism for regular dialogue and develop practical proposals for
future joint initiatives.
