Baku, Azerbaijan, July 2
By Fakhri Vakilov – Trend:
The World Bank’s Board of Directors approved a loan to Uzbekistan in the amount of $ 50 million to reduce unemployment and strengthen the system of social benefits in the country, Trend reports with reference to Uzbek media.
Loan funds will be provided from the resources of the International Development Association, which is a part of the WB structure. In particular, it will be aimed at creating a single registry for citizens who need social benefits.
It will help ensure that social protection programs cover low-income and socially vulnerable groups of people who are adversely affected by rising prices for essential goods and utilities.
Profile courses for staff training and new jobs in the private sector will also be created. A specialized labor information system of the Ministry of Employment and Labor Relations of Uzbekistan will be developed and put into operation.
"This is an important project that will help to successfully implement of the ambitious reform program in Uzbekistan. Its goal is to provide social protection for citizens during the period of socio-economic transformation in the country," Head of the World Bank’s office in Uzbekistan Hideki Mori said.
World Bank supports Uzbekistan in the implementation of 23 projects worth more than $4.1 billion and provides analytical and advisory services to the government of the country.
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