Materials with tag «world bank»
World Bank improves GDP growth forecast for Uzbekistan
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.
International organizations welcome establishment of Social Protection Agency
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.
World Bank to help Uzbekistan develop livestock sector
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.
To withstand global shocks, Uzbekistan needs to continue reforms and build an inclusive market economy
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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