Baku, Azerbaijan, Oct. 24
By Rashid Shirinov – Trend:
The World Bank is providing advice to the government of Uzbekistan on the fundamental economic and social policy reforms at this critical juncture of its economic transition, the WB told Trend on Oct. 24.
“This work includes supporting macroeconomic reforms, building foundations for private sector led-growth and enabling job creation,” the message said.
The WB is also engaged in critical sectors of development in Uzbekistan: agriculture, water resources management, healthcare, education, water supply and sanitation, and energy.
In neighboring Turkmenistan, the World Bank provides analytical advice focusing on financial sector and opportunities for inclusive economic development, the WB noted.
“The World Bank supports Central Asian governments in strengthening foundations for inclusive private sector-led growth, improving regulatory environment for business, enhancing digital and physical connectivity, and boosting overall productivity,” the message said.
The financial institution also noted that it is focusing its support on building resilience through investments in human capital and adapting better to environmental and climate risks.
The World Bank provides loans to countries of the world for capital projects. It comprises two institutions: the International Bank for Reconstruction and Development, and the International Development Association.
Today, the World Bank’s work touches nearly every sector that is important to fighting poverty, supporting economic growth, and ensuring sustainable gains in the quality of people’s lives in developing countries.