TASHKENT, Uzbekistan, February 11. The Islamic
Development Bank (IsDB) has signed a $94.06 million financing
agreement with Uzbekistan to advance the SmartEd education
development project, Trend reports via the bank.
The agreement was signed during the 2nd AlUla Conference for
Emerging Market Economies between IsDB President Muhammad Al Jasser
and Uzbekistan’s Deputy Prime Minister and Minister of Economy and
Finance Djamshid Kuchkarov.
This financing marks a significant phase of the IsDB’s total
commitment of $160.25 million to the SmartEd Project, which seeks
to strengthen inclusive and competency-based education throughout
Uzbekistan.
As part of this initiative, Uzbekistan plans to construct and
equip 58 new educational institutions and expand existing schools
by adding 2,431 classrooms across the country.
The project is expected to directly benefit approximately 72,930
students annually and provide specialized training to more than
36,115 teachers and administrative personnel.
To date, the IsDB has approved a total of $5.4 billion in
financing for Uzbekistan, underscoring the breadth and strategic
importance of the bank’s support for the country’s long-term
development.
