Uzbekistan’s ongoing economic transformation and market reforms, aimed at increasing jobs and prosperity for all its citizens, will receive further support through a $500 million Development Policy Operation (DPO), approved today by the World Bank’s Board of Executive Directors.
The agency said that Uzbekistan has embarked on a rapid process of economic modernization and integration with the rest of the world, utilizing its strong net external and fiscal asset positions in the process.
A meeting with William McDonald, Deputy Assistant Secretary for Technical Assistance Policy at the U.S. Treasury Department took place at the Uzbek Ministry of Finance on 11 June, the ministry said in a statement.
Uzbekistan’s revised Tax Code will take effect from the next year, said Aziz Umirzakov, the deputy chief of the State Tax Committee (STC).
First Deputy Minister of Housing and Communal Services Mr. Dilshod Azimov and Country Director of Asian Development Bank’s (ADB) Uzbekistan Resident Mission Ms. Cindy Malvicini signed the memorandum of agreement to advise on public-private partnerships (PPPs) to improve municipal water infrastructure in Samarkand, Bukhara, Namangan and Karshi.
Raiffeisen Bank will organize banking summit on June 26 in Tashkent. According to Raiffeisen Bank, the summit is the evidence of growing interest in the world to the socio-economic reforms aimed at improving Uzbekistan’s financial and investment climate.
Joint meeting of the Senate committee on international relations, foreign economic relations, foreign investments and tourism and the committee for budget and economic reforms was held today.
The World Bank’s Board of Executive Directors approved a project that will help increase access to and improve the quality of early childhood education in Uzbekistan.