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NEWS

World Bank Group to support the anti-crisis program of Uzbekistan

en.trend.az/
7 April 2020

The World Bank is ready to allocate $14 billion to Uzbekistan to support country's anti-crisis program, Trend reports citing the Ministry of Investments and Foreign Trade of Uzbekistan.

This issue was touched upon during a videoconference between Deputy Prime Minister and Minister of Investment and Foreign Trade Sardor Umurzakov and Vice-President of the World Bank Group for Europe and Central Asia Cyril Muller, the report says.

According to Muller, the World Bank intends to mobilize $14 billion of "Strategic Program on Preparedness and Response", formed by the World Bank Group to support the anti-crisis program of Uzbekistan.

The issue of prompt allocation of $1.2 billion for financing the health care system, social protection institutions and agencies and budget support is also being actively considered.

The issue of providing financial support to Uzbekistan will be considered as a priority, said the WB administration.

These funds will be an addition to the credit lines already approved in March this year, designed to finance modernization of public utilities infrastructure and agricultural producers projects for $700 million.