BAKU, Azerbaijan, May 25. The World Bank Group’s Board of Executive Directors discussed and endorsed the Country Partnership Framework (CPF) for Uzbekistan for the period 2022-2026,Trend reports via the bank.
The CPF will guide the World Bank Group’s work for the next five years supporting the government of Uzbekistan’s strategic priorities outlined in the National Development Strategy for 2022-2026.
Uzbekistan joined the World Bank Group’s institutions in 1992-1993, and the new CPF marks 30 years of partnership between the Group and Uzbekistan.
The World Bank and IFC have supported Uzbekistan’s ambitious reforms to transform and modernize its economy, society and private sector, thereby contributing to the achievement of many important milestones for the country.
Notable examples include the elimination of forced labor from the cotton harvest through reforming the agriculture sector and the launch of first large-scale, privately developed and operated renewable energy facility - the solar photovoltaic power plant in the country’s Navoi region.
The new framework will support three strategic objectives to accelerate Uzbekistan’s transition towards an inclusive and sustainable market economy: increase inclusive private sector employment; improve human capital; and improve livelihoods and resilience through greener growth.
The CPF will also pursue cross-cutting objectives that are indispensable for a successful transition and for Uzbekistan to achieve its 2030 ambitions: closing gender disparities; and strengthening citizen participation and accountability for public services.