Portfolio of projects with WB reach $5bn in Uzbekistan
Portfolio of projects with WB reach $5bn in Uzbekistan
The current portfolio of joint projects with the participation of the World Bank in Uzbekistan has reached $5bn. The information was announced on September 14 during negotiations between the Uzbek leader Shavkat Mirziyoyev and the Managing Director of the International Finance Corporation (IFC), Mahtar Diop.
The IFC resumed its activities in Uzbekistan in 2016, the year when Mirziyoyev came to power. The volume of operations of the IFC during this period has tripled and reached $200mn.
Joint projects are currently under way aimed at development of the public-private partnership system, modernisation of transport, transformation of the banking sector, reformation of microfinance institutions, as well as introduction of international standards in the field of textile production and other key areas.
“Uzbekistan is a priority country for IFC. We are proud to support this new era in its economy and will continue helping the nation in implementing key reforms for a green, resilient & inclusive recovery”, said Makhtar Diop.
“It's encouraging to see that reforms in sectors like banking, is paving the way for innovations, businesses & services to thrive”, he added.
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