Uzbekistan plans to attract grants worth approximately $1 billion over the next two years following the adoption of a resolution adopted by the country's ministers earlier this month.

The resolution will organize systematic work on the attraction of grant funds to implement priority projects for the development of economy branches and social sphere, according to a press release from the National Bank of Ukraine (NBU).

A list of projects for 2014 that were previously agreed upon with donor countries and international and foreign governmental and non-governmental organizations was also approved under the resolution--included are 88 projects totaling more than $243 million, with approximately $238 million funded at donors' expense and approximately $5 million co-financed from the Ubzek side.

For 2014-2016, 88 projects worth approximately $384 million, with approximately $252 million funded from donor countries and $32 million from the Uzbek side.

A consolidated list of priority projects approved by the resolution will also be offered to donors for financing and co-financing consisting of 291 projects with a total value of more than $348 million.