Uzbekistan and the World Bank strengthen strategic partnership

Tashkent, Uzbekistan (UzDaily.com) -- On 20 September, President of the Republic of Uzbekistan Shavkat Mirziyoyev held a meeting with President of the World Bank Group Ajay Banga in New York City.

During the meeting, key aspects of expanding full-scale cooperation between Uzbekistan and the World Bank were discussed.

At the beginning of the conversation, the head of our state congratulated Ajay Banga on his start as President of the World Bank Group and expressed confidence that under his leadership the bank will continue to actively promote sustainable economic growth in developing countries.

Issues of increasing the bank’s expert and technical assistance in the areas of privatization and effective public administration, financing and attracting private investment, including on the basis of public-private partnerships, in projects on decarbonization, alternative energy, infrastructure and communications, water supply were discussed.

In turn, Ajay Banga highly appreciated the program of irreversible reforms being carried out in our country and expressed his readiness to further develop a mutually beneficial partnership.

An agreement was reached on the participation of the bank’s Advisory Council from among the world’s leading business leaders in the development of measures to increase the influx of direct investment into Uzbekistan.

It should be noted that Uzbekistan is one of the bank’s largest beneficiary partners; the portfolio of joint projects has grown more than five times over the past six years.

The current Cooperation Program until 2026, which provides for the implementation of projects worth $4 billion, covers all the priorities of the Development Strategy of New Uzbekistan.