WB to assist Uzbekistan develop economic reform

Uzbekistan, Tashkent, Dec. 12 / Trend D. Azizov /

The World Bank (WB) plans to assist the Uzbek government to develop the 'Concept of structural transformation of the Uzbek economy until 2030'.

It plans to reach the level of an industrially developed country by the middle of this century, head of the World Bank office in Uzbekistan Takuya Kamata told media in Tashkent.

The Country Partnership Strategy for 2012-2015 approved by the WB board of director's plans to assist in the development of this document initiated by the Uzbek leadership, the WB office head said.

The main elements of this development include improving efficiency and competitiveness in the economy and reducing the dependence on commodity exports.

It also aims to strengthen the financial sector by supporting private entrepreneurship, diversify production to increase goods and services with higher added value, creating new jobs for the rapidly growing n umber of young educated people and improving the methods and effectiveness of state governance in the field of industrial development. The concept also includes improving access to the information on the measures of the government's policies and its outcome.
"We would like to show which sectors can be competitive," Mr Kamata said. "We would also like to make an analysis of how we can achieve a higher added value in various sectors of industry."

A prerequisite for sustainable economic growth is the government's medium term strategy, reflected in the programme of the modernisation of industry and infrastructure development for 2011-2015 worth $47.3 billion.

The head went on to say the World Bank can cite the examples of other countries such as China while preparing the document. The concept of strategic development until 2010, then to until 2030, was developed with the assistance of the bank and using Malaysia's experience.

"We would like to invite experts and state officials who worked to develop these strategies in other countries to participate in the drafting of the document for Uzbekistan," Mr Kamata said. "The peculiarity of this work is that we plan to work with representatives of state agencies and the representatives of research institutions, as in China. We hope that this will lead to a close cooperation."

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