800 million dollars World Bank loan to Uzbekistan

According to the Fars news agency reporter in Tashkent, the World Bank will allocate an 800 million dollar facility loan to Uzbekistan for the development of energy, agriculture, social support and other priority areas.

This loan will be spent on the implementation of a new phase of social, economic and climate reforms.

The loan repayment amount for Uzbekistan will be significantly less than the country can afford. save significant financial resources and spend on priority social and economic tasks.

According to this report, the Uzbek government is trying to reduce the poverty rate by half by 2026. . To achieve this goal, faster economic growth is needed, which is possible by reducing the government’s control over the economy and making the private sector the main driving force of economic development. , railways, chemical industries, agriculture, lowering climate consequences, social support, women’s protection against violence, adaptation to climate change and environmental protection, transition to green economy will be dedicated.

Uzbekistan became a member of the World Bank in 1992, and since 1995, this bank has implemented projects in the fields of privatization, financial sector growth, modernization of agriculture, electricity, improving social infrastructure, Health and education has loaned more than one billion and 600 million dollars to Uzbekistan.

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