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Uzbekistan’s President receives World Bank delegation

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Uzbekistan's President receives World Bank delegation

President of the Republic of Uzbekistan Shavkat Mirziyoyev has received a delegation of the World Bank led by Europe and Central Asia Vice President Cyril Muller.

Welcoming the guests, the head of our state noted with deep satisfaction the achieved level of long-term and mutually advantageous cooperation between Uzbekistan and the World Bank.

Today, the Bank actively supports and is directly involved in promoting structural reforms in priority sectors in our country.

Yesterday, July 18, successful were the first session of the Economic Council and the roundtable discussion held in Tashkent on reforms in the energy sector, and the two sides jointly identified the principal interaction priorities, specific programs and long-term cooperation projects.

Currently, the total portfolio of executed projects and those under implementation in our country exceeds 5.2 billion US dollars. Since the start of this year alone, the World Bank approved new loans worth over $ 850 million, which cover such areas as entrepreneurship development, pre-school education, employment promotion, among others.

In addition, projects currently under elaboration are designed for modernization of agriculture and municipal infrastructure, co-financing of the program “Obod Qishloq”, development of digital economy.

The talks served to discuss pressing issues toward the enhancement of partnership between the Republic of Uzbekistan and the World Bank.

Special attention was paid to reforming the banking and financial sector and public enterprises, the advancement of education, entrepreneurship and agriculture, as well as the implementation of infrastructure projects under public-private partnership.

Cyril Muller expressed his sincere gratitude to the head of our state for the warm welcome and conveyed the greetings and best wishes of the President of World Bank Group David Malpass.

It was emphasized that the Bank highly appreciates the dynamics and effectiveness of the structural reforms underway in our nation across priority sectors.

Cyril Muller reaffirmed the World Bank’s strong commitment to expanding the multi-dimensional cooperation with Uzbekistan for the sustainable development of our country and the entire region.

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