President Shavkat Mirziyoyev Receives World Bank Chief
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.