Uzbekistan will partake in PISA for the second time, with World Bank’s support. Pilot testing for PISA-2025 is scheduled for May this year, and education specialists are currently familiarizing themselves with the methodology.
Ministry of Energy and WB aim to jointly improve energy efficiency of Uzbekistan’s public buildings in a project. Over five years, hospitals, schools and kindergartens will improve thermal insulation, ventilation, air conditioning, and replace coal-fired boilers with solar collector heating systems.
Ministry of Economy and Finance of Uzbekistan and World Bank signed an agreement for a $50 million concessional loan to support the Digital Inclusion Project. This loan aims to expand access to IT skills for thousands of young people residing in rural areas across the country.
World Bank revised Uzbekistan’s 2024 GDP growth forecast down from 5.5% to 5.3%. Inflation is expected to rise due to higher energy prices. WB also identifies such risks as reduced growth in Russia and China, and increase in potential financial liabilities for state-owned enterprises and banks.
According to the World Bank estimates, the volume of remittances from Russia to Uzbekistan is gradually decreasing. The number of Uzbekistani labor migrants in the Russian Federation decreases, the exchange rate of the Uzbek soum against the ruble strengthens and inflation in Russia is on the rise.
WHO reports the average body mass index in Uzbekistan of 26.5 kg per square meter — the highest in Central Asia. By 2060, the economic loss from obesity is expected to increase to $21.6 billion, equivalent to 4.7% of GDP.
The World Bank has approved $800 million of highly concessional and low-cost loans to Uzbekistan on favorable terms. Those are intended for implementation of reforms to accelerate the transition to a market economy. Funding will be invested into energy, railway, agriculture and other sectors.
The World Bank revised its forecast for Uzbekistan’s GDP growth this year to 5.1%, up from 4.9% in January. The report also notes that the growth of remittances from labor migrants in Russia may slow down this year, especially for Central Asian and South Caucasian countries.
ILO, UNICEF and the World Bank welcomed the establishment of the Social Protection Agency in Uzbekistan. Their joint statement said the new agency would be crucial to help address fragmentation or gaps in the social protection. The reform was long-awaited by experts and international organizations.
Uzbekistan’s livestock sector is a major economic driver, but it also contributes significantly to GHG emissions and has low productivity. A new World Bank project will help the country create a more productive and climate-resilient livestock sector.
In her column for Gazeta.uz, Anna Bjerde, World Bank Vice President for Europe and Central Asia, writes about concerted and sustained momentum on reforms that is needed to meet Uzbekistan government’s goals of reducing poverty by half by 2026 and reaching upper-middle-income status by 2030.
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