11:48 / 05.03.2021

Uzbekistan intends to cut poverty level by half in the next 10 years

The draft presidential decree, announced for public discussion, envisages the task of cutting the poverty level by half by 2030. The unemployment rate is projected to fall to 7% over the next decade.

Foto: Ria Novosti

The draft presidential decree “On approval of the Strategy for Poverty Reduction in 2021-2030” has been posted on the portal for discussing draft normative-legal acts.

According to the project, by 2030, the level of poverty in Uzbekistan should be reduced by half.

The strategy is planned to be implemented in two stages: from 2021 to 2025 and from 2026 to 2030.

The document also stipulates that 1,500 women who are in need of housing will be provided with housing, 10,000 women will be helped with rent payments, and 20,000 low-income families will be paid initial fees and subsidies for the purchase of an apartment in residential apartments.

The resolution aims to cut the poverty level by half by 2030 through the timely and quality implementation of all the above measures.

According to the draft, the strategy has been widely discussed by experts from the United Nations Development Program, the World Bank, UNICEF, the Asian Development Bank, the European Bank for Reconstruction and Development, experts from local research institutions, ministries and departments.

The strategy envisages measures to reduce unemployment to 10.5% by the end of 2021, 8.5% – by 2025 and 7% – by 2030.

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