Monday, 27, June, 2022

Uzbekistan has signed $ 575 million worth of deals with international organizations to support the state budget and implement for taxation, statistics, investment, rural SMEs support projects.

The agreements were signed during the participation of the Uzbek government delegation in the spring meetings of the International Monetary Fund and the World Bank, according to the Ministry of Economic Development and Poverty Reduction.

According to the ministry, these funds will be directed to 5 areas and projects will be implemented by relevant government agencies.

First, in the framework of the World Bank's Rural Entrepreneurship Development (Phase 2) project, $ 200 million will be allocated to support entrepreneurship in rural areas of Karakalpakstan, Bukhara, Jizzakh, Navoi, Kashkadarya, Samarkand, Syrdarya, Surkhandarya, Tashkent and Khorezm provinces. and focus on creating new jobs.

Second, under the project "Capacity Building of the Statistical System in Uzbekistan" $ 50 million will be contributed for institutional reforms and capacity building in the field of statistics, improving the process of formation and dissemination of statistical data, modernization of equipment and facilities in the field.

Third, under the Tax Administration Reform Project, $ 60 million will be used to increase the operational efficiency and effectiveness of tax authorities.

Fourth, an agreement was signed with the OPEC Fund for International Development to draw $ 100 million to Uzbekistan to support the state budget in the framework of the project "Expediting Uzbekistan’s development policies in a transition period."

Fifth, an agreement was signed with the French Development Agency to attract 150 million to support the state budget in the framework of the project "Transition to a green economy."

Note: Spring Meetings of the International Monetary Fund and the World Bank are being held from April 18 to 24, 2022 in Washington (USA).

Minister of Economic Development and Poverty Reduction Jamshid Kochkarov met David Malpass (President of the World Bank), Anna Berde (World Bank Vice President for Europe and Central Asia), Mahtar Diop (Managing Director of the International Finance Corporation) and Kristalina Georgieva (Managing Director of the International Monetary Fund).

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