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President of Uzbekistan Identifies Priority Areas for Further Expansion of Partnership with the World Bank

30.09.2022

On September 30, President of the Republic of Uzbekistan Shavkat Mirziyoyev received a World Bank delegation headed by the Vice President Anna Bjerde, who is in our country on a working visit.

The practical aspects of further development the strategic partnership of Uzbekistan with this distinguished international financial institution, as well as the expansion of cooperation in promoting the program of the most important socio-economic reforms in our country were considered.

At the beginning of the meeting, our President sincerely congratulated Anna Bjerde and the World Bank team on the 30th anniversary of productive cooperation.

The high dynamics and effectiveness of the partnership in recent years were especially noted. The portfolio of joint projects over this period increased almost 4 times and exceeded $8 billion.

Over the past year alone, in accordance with the roadmap, the World Bank approved the financing of 6 priority projects worth $1 billion in agriculture, energy, ecology, the financial sector and other areas.

With the active support of the Bank, currently complex transformations in the agrarian, energy and transport sectors are successfully carried out in Uzbekistan. The World Bank adopted the Country Program until 2026, which is synchronized with the Development Strategy of the New Uzbekistan.

The Vice President Anna Bjerde praised the progress reforms in our country and confirmed the commitment of the Bank to further expand the full partnership.

Readiness for further expansion of expert and financial support to accelerate transformations was emphasized in key areas such as improving living standards in rural areas, privatization of state-owned enterprises, transformation of agriculture, increasing the energy efficiency of the economy, modernization of education and healthcare, improving the business environment and investment climate.

A particular attention was paid to issues on promoting the implementation of strategic regional projects aimed at ensuring stability and sustainable development in Central Asia.

Following the meeting, an agreement was reached on the adoption of an updated Road Map to expand the partnership between Uzbekistan and the World Bank in key areas.

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