Pres­i­dent Shavkat Mirziy­oyev Re­ceives World Bank Chief

Uzbekistan Today (English) - - FRONT PAGE -

While in New York at­tend­ing the UN Gen­eral Assem­bly de­bates, Pres­i­dent of the Repub­lic of Uzbek­istan Shavkat Mirziy­oyev met 20 Septem­ber with the Pres­i­dent of the World Bank Group Jim Yong Kim.

The head of our state em­pha­sized that the World Bank has been a re­li­able and strate­gic part­ner for Uzbek­istan.

Con­struc­tive con­tacts have been es­tab­lished be­tween this bank and the fi­nan­cial in­sti­tu­tions of our coun­try. At present, mu­tual co­op­er­a­tion cov­ers the en­ergy, ir­ri­ga­tion and mu­nic­i­pal sec­tors, devel­op­ment of transport and so­cial in­fra­struc­ture, pro­cess­ing of agri­cul­tural prod­ucts.

27 im­por­tant projects are in­cluded in the joint pro­gram of co­op­er­a­tion up to 2020 adopted last year. Their to­tal cost is 4 bil­lion dol­lars, of which 3 bil­lion dol­lars are loans from the World Bank.

At the meet­ing it was noted that the con­cept of ad­min­is­tra­tive re­form has been ap­proved in our coun­try, sys­tem­atic work is be­ing im­ple­mented on re­duc­tion of par­tic­i­pa­tion of the state in the econ­omy and fight against cor­rup­tion.

It was es­pe­cially em­pha­sized that, based on the rec­om­men­da­tions of the In­ter­na­tional Mon­e­tary Fund, mar­ket mech­a­nisms in the mon­e­tary sphere have been in­tro­duced, var­i­ous bar­ri­ers to trade have been re­moved, fur­ther im­prove­ment of busi­ness en­vi­ron­ment and in­vest­ment cli­mate has been ob­served.

Pres­i­dent of our coun­try em­pha­sized that the great ex­pe­ri­ence of the World Bank is of great im­por­tance in im­ple­men­ta­tion of these re­forms, Uzbek­istan is a sup­porter of fur­ther devel­op­ment of co­op­er­a­tion with the bank.

Is­sues of co­op­er­a­tion in in­tro­duc­tion of an ef­fec­tive sys­tem of mi­cro­fi­nance in our coun­try, mod­ern­iza­tion of ir­ri­ga­tion and drainage, road transport in­fra­struc­ture, devel­op­ment of the agro-in­dus­trial com­plex and other spheres were dis­cussed.

Pres­i­dent of the World Bank noted that mea­sures taken in Uzbek­istan on im­prove­ment of bank­ing and fi­nan­cial sys­tem, fur­ther im­prove­ment of fa­vor­able busi­ness en­vi­ron­ment and the in­vest­ment cli­mate will serve to devel­op­ment of busi­ness.

Con­crete pro­pos­als on fur­ther ex­pan­sion of mu­tual co­op­er­a­tion, promis­ing projects in this di­rec­tion were dis­cussed dur­ing the ne­go­ti­a­tions.

As a re­sult of the meet­ing, Uzbek­istan and the World Bank signed doc­u­ments on fi­nan­cial and tech­ni­cal co­op­er­a­tion for a to­tal amount of about 500 mil­lion dol­lars.

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