BAKU, Azerbaijan, October 9. Uzbekistan and the
Japan Bank for International Cooperation (JBIC) discussed expanding
investment cooperation, developing joint projects and financing
private-sector initiatives without state guarantees during a
meeting in Tashkent on Oct. 8.
This was reflected in the statement by Uzbekistan’s Ministry of
Investments, Industry and Trade, following a meeting between Uzbek
Investment, Industry and Trade Minister Laziz Kudratov and Hiroki
Sekine, a member of JBIC’s board of directors and senior managing
director, to review ongoing projects and explore new investment
opportunities.
The talks focused on renewable energy, transport infrastructure,
special economic zones and financing for private companies without
state guarantees.
Following the meeting, the sides expressed interest in
accelerating the implementation of joint projects and expanding
Japanese investment in priority sectors of Uzbekistan’s
economy.
JBIC is a Japanese government-owned policy-based financial
institution that supports overseas investment and projects
involving Japanese companies, including initiatives in energy,
infrastructure and environmental sustainability. Its financing
instruments include overseas investment loans, project financing
and equity participation.
Uzbekistan’s project portfolio with the Japan Bank for
International Cooperation (JBIC) exceeded $5 billion as of December
2025, covering petrochemicals, energy, telecommunications,
infrastructure and light industry. At the time, the two sides also
focused on preparing new initiatives and advancing ongoing projects
worth more than $10 billion in energy, transport, IT infrastructure
and health care, according to Uzbekistan’s presidential
administration.
