30 May, Thursday

Materials with tag «world bank»


World Bank to support improvement of quality of social services for vulnerable people in Uzbekistan
27 May 2024, 12:08

World Bank to support improvement of quality of social services for vulnerable people in Uzbekistan

The World Bank approved a $100 million concessional loan for Uzbekistan to implement the Innovative Social Protection System for Inclusion of Vulnerable People (INSON) Project.

Uzbekistan to participate in PISA study once again with support from World Bank
30 April 2024, 18:31

Uzbekistan to participate in PISA study once again with support from World Bank

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.

Over 500 public buildings in Uzbekistan to become energy efficient under project by Ministry of Energy and WB
23 April 2024, 19:05

Over 500 public buildings in Uzbekistan to become energy efficient under project by Ministry of Energy and WB

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.

World Bank approves $50 million loan for Uzbekistan’s Digital Inclusion Project
20 April 2024, 18:03

World Bank approves $50 million loan for Uzbekistan’s Digital Inclusion Project

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 slightly reduces Uzbekistan’s 2024 GDP growth projection
15 April 2024, 09:28

World Bank slightly reduces Uzbekistan’s 2024 GDP growth projection

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.

World Bank: remittances from Russia to Uzbekistan gradually decrease
22 December 2023, 12:05

World Bank: remittances from Russia to Uzbekistan gradually decrease

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.

Uzbekistan’s economic damage from obesity expected to rise to 4.7% of GDP by 2060
18 December 2023, 14:44

Uzbekistan’s economic damage from obesity expected to rise to 4.7% of GDP by 2060

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.

World Bank approves $800 million loan to Uzbekistan
9 December 2023, 10:53

World Bank approves $800 million loan to Uzbekistan

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.

World Bank improves GDP growth forecast for Uzbekistan
7 June 2023, 20:16

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
1 June 2023, 23:25

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
23 April 2023, 15:15

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
2 November 2022, 16:14

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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