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Friday 12 April 2019

WB Supporting Economic and Social Reforms in Uzbekistan


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WASHINGTON (World Bank press service) — Since 2017 the Government’s reform program has grown in scope and ambition by significantly increasing demand for the World Bank Group (WBG) financing and global knowledge services.

The WBG program realigned in June 2018 now responds to the Government’s broadened reform agenda by focusing on projects and activities that support private sector growth and the creation of markets, promote institution and capacity building to support the reform process, and enable the economic and social transformation.

In 2017, Uzbekistan launched an ambitious and unprecedented reform program aimed at building a private sector–driven, market-based economy. The Government is making strong progress in implementing these challenging economic reforms to promote growth and create new opportunities for all citizens. The World Bank Group is committed to support Uzbekistan’s difficult yet critical reform program as the country undergoes a far-reaching social and economic transformation.

As of April 2019, the Bank funded 51 projects focusing on infrastructure investments in the agriculture, water, energy, transport, health, and education sectors and sponsored more than 50 technical assistance programs by providing the required linkage between policy and investment.

As of March 2019, the World Bank portfolio in Uzbekistan consisted of 19 investment projects with net commitments totaling $3.32 bln designed to support macroeconomic reforms, regional development, and improvements in agriculture, water supply, transport, energy, education, and health services.

View online : Read more on World Bank website

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