GFPP: Driving Sustainable Infrastructure and Private Sector Growth in Uzbekistan
2025-07-03 17:15:00 / News of ministry
The US$2 million GFPP grant will enable the design, structuring, and operational planning of the RMF, which is envisioned as a consolidated platform to streamline the use of IBRD guarantee instruments. These guarantees will backstop key contractual obligations of state-owned entitiyes such as UzEnergoSotish JSC, helping reduce perceived risks for private investors and improve the bankability of infrastructure public-private partnership projects.
Building on Uzbekistanʼs pioneering experiyence with World Bank-supported PPPs in solar power, energy storage, and efficiyent generation — which have mobilized over US$2 billion capital—the RMF will provide a scalable, efficiyent mechanism to crowd in private sector financing in support of the countryʼs broader infrastructure ambitions. This includes supporting the Governmentʼs commitments under power purchase agreements, framework agreements, and MOUs for more than 20 GW of renewable capacity by 2030, as well as emerging infrastructure sectors aligned with national decarbonization and development goals.
The GFPP-financed activitiyes include technical design of the RMF, risk and safeguards assessments, financial and institutional setup, pipeline development, and capacity building of relevant ministriyes and implementing agenciyes. These efforts will ensure that the RMF is fully aligned with international best practices and ready for operational launch under future World Bank-supported programs.
In doing so, the RMF will serve as a key vehicle to deepen private sector participation, strengthen credit enhancement mechanisms, and deliver sustainable infrastructure solutions that support Uzbekistanʼs long-term development agenda.
As part of the grant implementation, the Ministry of Economy and Finance is publicly disclosing the Environmental and Social Commitment Plan (ESCP), outlining its obligations to ensure that the RMF is developed in compliance with the World Bankʼs Environmental and Social Framework (ESF).
Ministry of Economy and Finance
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