13:00 26-07-2014
MAIN Russian
About us On-line subscription
KazakhstanTajikistanUzbekistanKyrgyzstanTurkmenistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
S Korea’s fund to allocate $250 million to Uzbekistan for investments

Bishkek (AKIpress) - investments The Uzbek-Korean intergovernmental framework agreement on the allocation of $ 250 million by the Economic Development Cooperation Fund (EDCF) to finance the investment projects in Uzbekistan was signed during South Korean President Park Geun-Hye's visit to the republic on June 17, reports cihan.com.

The document specifies the procedure for obtaining EDCF loans, issued within 2014 - 2017 to finance the projects in education, health, information and communication technologies, the development of energy efficient technologies, using alternative energy sources and other areas agreed between the parties on the basis of Uzbekistan's economic priorities.

Moreover, an intergovernmental framework agreement on grant aid was signed. Its purpose is to establish the general terms and conditions for the development of cooperation between the parties through the Korea International Cooperation Agency (KOICA).

At present, four investment projects totaling nearly $ 115 million were implemented in telecommunication, education and health areas within the financial and technical assistance of South Korea's government, drawing EDCF long-term soft loans.

The total amount of grant aid to Uzbekistan through KOICA in 1995-2013 exceeded $ 55 million. These funds were spent for the implementation of projects in such areas as health, education, information technologies, utilities, agriculture, water management, and energy.

South Korea is one of the largest investment partners of Uzbekistan. The total volume of Korean investments drawn into the economy of Uzbekistan since 1991 exceeded $6 billion.


Twitterfacebookprint
16:52 21.06.2014
LATEST NEWS
17:30 Technical losses in energy sector make 16.1%17:25 Kyrgyz Agriculture Ministry plans to sign memo with Chinese company on drip irrigation17:25 Industrialists consider coalbed methane production in Kazakhstan17:20 Kyrgyz parliamentarians discuss opening of French visa bureau, project on promotion of rule of law in Paris17:14 KazAtomProm net profit grows 3-fold by H1 201417:12 Children of border guards from Central Asia, Russia to spend their holidays at Issyk-Kul17:06 China probes food businesses; Hong Kong bans imports in meat safety scare17:03 Special task force officers acquitted of all charges at April 7, 2010 trial16:55 Transport Ministry's State Secretary detained on corruption charges16:55 S&P warns Kazakh credit risk 'extremely high’ on banks16:51 Kyrgyzstan imports 72.5 mln kWh of electricity from Tajikistan YTD16:45 Vietnamese woman arrested for stealing Kazakh ambassador's bag16:41 Armenia expected to join Eurasian Economic Union in January 2015, Armenian PM says16:36 WFP concludes reforestation project providing jobs to 3,500 food-insecure people in Kyrgyzstan16:26 ICT enterprises of Uzbekistan provide services worth $840.4 mln in January-June16:23 Ashgabat hosts Turkmen-Slovenian business forum16:19 False phone bomb threat report disrupts work of Economy Ministry in Bishkek16:15 Kazakhstan to support World Breastfeeding Week16:05 Uzbekistan produces 2.4 mln tons of vegetables in H1 201415:53 Ambassador of Tajikistan, leadership of VSK Insurance House discuss cooperation
Astana
+19° C
Ashgabat
+39° C
Bishkek
+32° C
Dushanbe
+32° C
Tashkent
+36° C
exchange rates
 
69.65
51.80
8.36
1.48
246.72
183.52
29.64
5.23
6.64
4.96
0.80
0.14
3172.31
2328.16
375.17
66.21
3.83
2.85
0.46
0.08

© AKIpress News Agency - 2001-2014
Use of the AKIpress.com materials must be accompanied by a hyperlink to www.akipress.com
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75