Uzbekistan and the World Bank strengthen strategic partnership

President of the Republic of Uzbekistan Shavkat Mirziyoyev held a meeting with President of the World Bank Group Ajay Banga in New York on September 20.

During the meeting, key aspects of expanding full-scale cooperation between Uzbekistan and the World Bank were discussed.

At the beginning of the conversation, the head of our state congratulated Ajay Bangu on starting work as President of the World Bank Group and expressed confidence that under his leadership the bank will continue to actively promote sustainable economic growth in developing countries.

The issues of increasing the bank's expert and technical assistance in the areas of privatization and effective public administration, financing and attracting private investment, including on the basis of public-private partnership, in decarbonization projects, alternative energy, infrastructure and communications, water supply, as well as support for strategic initiatives such as the construction of the Trans-Afghan Railway were discussed.

In turn, Ajay Banga highly appreciated the program of irreversible reforms carried out in our country and expressed readiness to further develop mutually beneficial partnership.

An agreement was reached on the participation of the bank's Advisory Board from among the world's leading business leaders in the development of measures to increase the inflow of direct investment to Uzbekistan.

It should be noted that Uzbekistan is one of the largest beneficiary partners of the bank, the portfolio of joint projects has grown more than fivefold over the past six years.

The current Cooperation Program until 2026, which provides for the implementation of projects worth $ 4 billion, covers all the priorities of the Development Strategy of the New Uzbekistan.