Uzbekistan Reforms for a Sustainable Transformation toward a Market Economy DPO (WB-P166019)

Countries
  • Uzbekistan
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 26, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
REPUBLIC OF UZBEKISTAN
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 3, 2018

Disclosed by Bank May 29, 2018


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Project Description

This project provides financing for a development policy project in Uzbekistan, aimed at supporting the government in transforming into a market-based economy. According to Bank documents, there are five policy areas prioritized by the government:

  1. Enhancing state and public institutions
  2. Securing the rule of law and reform of the judicial system
  3. Promoting economic development
  4. Fostering social development
  5. Ensuring personal and public security through inter-ethnic and religious tolerance, and constructive foreign policy

The World Bank's project will provide an organizing framework for these reforms through three policy areas:

  1. Supporting adjustments of macroeconomic policymaking
  2. Supporting the market formation of private sector development, including liberalizing international trade and expanding opportunities in key sectors, such as agriculture
  3. Mitigating negative impacts on vulnerable groups due to economic reforms, and supporting increases in social safety nets and reforms to move workers from "low value-added sectors" to "high value-added sectors"
Investment Description
  • World Bank (WB)
Contact Information

No contact information provided at time of writing.

ACCOUNTABILITY MECHANISM OF WORLD BANK
The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.