ADB, WB to help Uzbekistan with implementation of projects involving funds from international financial institutions

According to the Ministry of Investment and Foreign Trade (MIFT), during a meeting with the ADB, held via videoconferencing, it was noted that the current portfolio of the bank in Uzbekistan consists of 21 projects totaling $3.3 billion, implemented in such socially significant areas, as the improvement of settlements and infrastructural development, expanding the access of the population to clean drinking water, healthcare and other areas. The progress of implementing each project is considered, including from the standpoint of the execution of network schedules at each stage of implementation.

In a similar constructive spirit, negotiations were held with the WB representatives. During a personal meeting, the parties analyzed the projects implemented in the country with the assistance of the World Bank. It should be recalled that the bank finances 28 projects in Uzbekistan for a total of $4.9 billion in such priority areas as agriculture and water management, transport, energy, urbanization, education and healthcare.

During the meeting, a number of constructive proposals were put forward to improve project management processes, including the purchase of equipment and materials, as well as the further development of professional skills and knowledge of employees of ministries and departments responsible for their implementation.

Following the meetings, the relevant “Roadmaps” were approved, which reflected the specific deadlines for the implementation of projects and identified the responsible heads of ministries and departments who received targeted instructions to ensure the development of funds allocated by financial institutions and the timely commissioning of projects.