WB approves allocation of $800 million to support development policy in Uzbekistan
The World Bank will provide financial assistance to the government on special preferential terms.
The World Bank’s Board of Executive Directors approved an operation to support development policy in Uzbekistan. This type of operation is a special financial instrument of the Bank to support socio-economic reforms in various countries of the world.
The new World Bank operation aims to support key government priorities, including reducing state dominance in important sectors such as agriculture, rail transport, chemicals and energy. Appropriate measures will allow the private sector to more actively participate in the development of these industries.
This operation will also help strengthen socio-legal protection of vulnerable groups and address issues related to climate change and environmental protection.
As part of the operation, the World Bank will provide financial support to the government in the form of loans amounting to US$800 million on special concessional terms.
Recommended
List of streets and intersections being repaired in Tashkent published
SOCIETY | 19:12 / 16.05.2024
Uzbekistan's flag flies high on Oceania's tallest volcano
SOCIETY | 17:54 / 15.05.2024
New tariffs to be introduced in Tashkent public transport
SOCIETY | 14:55 / 05.05.2023
Onix and Tracker cars withdrawn from sale
BUSINESS | 10:20 / 05.05.2023
Latest news
-
Ucell fined by Competition Committee over misleading advertising
SOCIETY | 17:40
-
Civil Aviation Agency denies reports on the establishment of new airline in Uzbekistan
SOCIETY | 17:38
-
UAE’s Ittihad Investment expands presence in Uzbekistan with key acquisition
SOCIETY | 16:26
-
Malaysia’s Five Petroleum to help advance Uzbekistan’s fuel and energy sector development
SOCIETY | 16:25
Related News
19:13 / 23.12.2024
World Bank approves $3.5 million guarantee for solar power plant in Khorezm region
11:43 / 23.11.2024
Uzbekistan climbs to 62nd place in World Bank's Statistical Performance Index
18:48 / 18.10.2024
World Bank expert urges Uzbekistan to manage external debt prudently
17:34 / 17.10.2024