EU and FTA help Uzbekistan in the direction of green economy

Today, May 17, an important agreement was signed between the Government of Uzbekistan, the European Union and the French Development Agency (FTA) in Samarkand. This document serves to support and finance Uzbekistan's strategy of transition to a green economy until 2030.

Miriam Ferran, Deputy Director General of the General Directorate of International Partnerships of the European Commission, Ilhom Norkulov, Deputy Minister of Economy and Finance of Uzbekistan, and Remy Riou, Director General of the French Development Agency, took part in the signing ceremony of the agreement.

Within the framework of the Team Europe initiative, the EU provides a grant of 10.2 million euros to Uzbekistan. FTA will allocate a preferential loan of 375 million euros in the direction of the green economy.

In accordance with the European Global Gateway strategy and the priorities of the EU's green policy, the purpose of the agreement is to create conditions for compliance with high environmental standards, to increase the government's ability to formulate and implement green economy policies in various areas, and to provide sustainable employment to the population.

Joint activities in cooperation are also aimed at supporting the efforts of sustainable economic growth while preserving the environment and natural resources for the common good of the people of Uzbekistan.

Source: Khabar.uz