AIIB to allocate $670 mln to Uzbekistan for stable market economy
AIIB to allocate $670 mln to Uzbekistan for stable market economy
The Asian Infrastructure Investment Bank to allocate $670 million to Uzbekistan for supporting its transition to a stable market economy. The Ministry of Economy and Finance of Uzbekistan will oversee the implementation of reforms in three key areas: market formation, fiscal risk management improvement, and support for social integration.
The project includes industrial reforms in sectors such as energy, agriculture, railways, and chemicals, with a focus on creating environmentally-friendly markets, enhancing fiscal management, and ensuring social inclusion and environmental sustainability. These reforms aim to improve healthcare and public services efficiency post-pandemic.
Konstantin Limitovsky, the bank's vice president for investment operations, expressed satisfaction in supporting Uzbekistan's economic transition. The project also aims to integrate social protection systems and reduce climate risks to enhance the effectiveness of social assistance programs and facilitate Uzbekistan's transition to a "green" economy.
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