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  • Uzbekistan receives $500mln from IBRD for market reforms
18 November, 2019 17:24

Uzbekistan receives $500mln from IBRD for market reforms

The International Bank for Reconstruction and Development is about to provide a loan worth 500 million dollars to Uzbekistan in support of market reforms, kabar.kg reports.

Uzbekistan receives $500mln from IBRD for market reforms  | Strategy2050.kz

This was voiced by Uzbek President Shavkat Mirziyoyev in his resolution on the measures for carrying out the "Support of market reforms in Uzbekistan" project with the World Bank.

“The maturity is 30 years, including a 5-year grace period,” the statement reads.

The Uzbek Finance Ministry is in charge of the coordination and monitoring of the project, which is implemented jointly by the Central Bank, the State Statistics Committee, the Ministry of Labor and the Ministry of Finance.

Photo credit: kabar.kg

chronicle 2050

SMEs will make up at least 50% of the GDP

abour productivity will reach up to $126 000 and 3 to 6 y.o. kids will have 100% access to pre-school education in Kazakhstan.

Kazakhstan will fully satisfy its own market of POL in compliance with the new environmental standards

The share of non-primary exports in total exports will double and triple by 2040

Transition to Latin graphics will commence

95% of the population will speak Kazakh

15% of the area under cultivation will make use of water-saving technologies.

The issue of providing water for irrigation will be resolve

GDP per capita will stand at $60 000

The urban population will represent 70% of the total population in Kazakhstan