World Bank’s (WB) investment portfolio in Uzbekistan includes 26 projects with a total value of $4.8 billion. The information was unveiled during negotiations between Uzbek Preisent Shavkat Mirziyoyev and WB Vice President Anna Bjerde on September 30.
Since May, WB has approved the provision of preferential loans in the amount of $540 million for the implementation of projects for the development of medium-sized cities, modernization of the power sector and the improvement of tax administration.
The parties considered the results of joint work on the preparation of methodological foundations for the fight against poverty, support of private sector investment projects, promotion of the reform of SOEs and the development of solar energy.
Vice President Anna Bjerde highly praised the progress of the ongoing reforms in the New Uzbekistan, which, according to her, had become irreversible.
She extended WB’s readiness to expand support towards reforms aimed at improving the level and quality of life of the population in the country.
An agreement was reached on the preparation and adoption of a new five-year country cooperation program. (Uzreport/Business World Magazine)
