President of Uzbekistan receives World Bank Vice President

Tashkent, Uzbekistan (UzDaily.com) -- On 13 July, President of the Republic of Uzbekistan Shavkat Mirziyoyev met with a delegation of the World Bank led by Vice President for Europe and Central Asia Cyril Muller.

Warmly welcoming the guests, Uzbek President noted with deep satisfaction the dynamically developing partnership relations between Uzbekistan and the World Bank Group.

It was emphasized that this year a series of fruitful meetings with the leadership of this authoritative international financial institution, including the president of the bank Jim Yong Kim in May in Washington and the chief managing director Kristalina Georgieva in January in Tashkent, helped to intensify contacts and identify new directions of interaction, as well as the practical implementation of promising projects and programs to support socio-economic reforms in Uzbekistan.

Today, the portfolio of mutually beneficial cooperation between Uzbekistan and the World Bank includes 39 implemented and currently realized projects with attraction of concessional financing for the amount of US$4.4 billion.

They cover such priority areas as modernization of energy, transport and communal infrastructure, introduction of advanced and energy-efficient technologies, intensive development of the agro-industrial complex, effective water resources management, improvement of the education and healthcare system, and many others.

Currently, more than 20 new projects under the Partnership Program for the period up to 2020 are also being considered.

In addition, leading experts of the bank took an active part in the development of the Concept of Reforming the Tax System of Uzbekistan. Work is underway to form a joint Economic Council.

During the meeting, issues of further expansion of multifaceted cooperation between Uzbekistan and the World Bank were discussed. Particular attention is paid to ensuring the quality and timely implementation of investment projects, including on the basis of the preparation of the Roadmap and the development of national skills.

The importance of further cooperation in the field of agriculture, civil aviation and renewable energy in Uzbekistan was emphasized, as well as the promotion of meaningful joint projects in the Central Asian region.

Cyril Muller expressed deep gratitude to Uzbek President Shavkat Mirziyoyev for the warm welcome and conveyed greetings and best wishes from World Bank President Jim Yong Kim.

The readiness of the bank to deepen the mutually beneficial partnership with Uzbekistan has been reaffirmed to support the ongoing large-scale reforms and reforms in the country, as well as to ensure the sustainable development of our country and the entire region.

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