World Bank Approves New Strategy for Assistance to Uzbekistan
Uzbekistan, Tashkent, 16 June / Trend corr T.Zhukov/ After coordination with Uzbek Government, the World Bank (WB) is now passing a new strategy for assistance to Uzbekistan. According to WB Tashkent office, the new strategy is intended to improve basic social services and life level.
According to WB, the new strategy for Uzbekistan is intended for 2008-2011 and envisages annual financing of at least three state investment projects. Business support will be implemented with the assistance of the International Finance Corporation (IFC), which is the private sector credit sub-unit of the World Bank.
By 2011, it is planned to achieve 'measurable results' in the following spheres: creation of conditions for economic growth; improvement of incomes and economic opportunities of rural population; improvement of health, education and water supply services' quality; improvement of business environment. Moreover, the efforts will be intended to improve the efficiency of environmental management and natural disaster risk management.
"Our purpose is to improve the life level in Uzbekistan," Annette Dickson, World Bank Regional Director for Central Asia, said. "As a result of extensive consultations with the Government and civil society, we are sure both financial and consultative support will be fruitful. During consultations the Government principally agreed with the proposed priority directions of WB assistance within a new strategy," he said.
Uzbekistan entered WB in 1992. WB mission in the country aims to improve the life level through participation in economic reforms carried out by the Government, to support improvement of social sector and the knowledge and experience of the Government and people in Uzbekistan. Uzbekistan's liabilities to WB have totalled $650mln.
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