Tashkent, Uzbekistan, June 11
By Demir Azizov - Trend:
The World Bank raised the outlook for growth in Uzbekistan's GDP in 2015 to 7.6 percent from 7.4 percent forecasted in January 2015, according to the WB's Global Economic Prospects, published June 10.
At the same time, the outlook for Uzbekistan's GDP growth in 2016 was decreased to 7.8 percent from 8.2 percent. Earlier, the WB forecasted the country's economic growth for the next year at 7.5 percent.
The forecast for the country's economic growth in 2017 was also revised and changed downwards - to 8 percent from 8.1 percent.
The WB Global Economic Prospects also stated a growth in Uzbekistan's economy in 2014 at 8.1 percent, which corresponds to the official statistics of the country. In January, the WB estimated Uzbekistan's GDP growth for 2014 at 7.9 percent.
In 2015, the country's government plans to ensure the GDP growth of eight percent.
Uzbekistan joined the WB in 1992. Since 1995, the WB provided Uzbekistan with credits and loans totalling about $2 billion for projects in privatization, financial sector development, and modernization of agriculture, power industry, improvement of social infrastructure, healthcare and education.
Today, the total amount of the WB's current liabilities to Uzbekistan exceeds $1 billion.
Edited by CN