As stated by the World Bank, the objective of this project is to support Uzbekistan’s transition to an inclusive and private sector-led market economy through (a) strengthening market institutions and the environment for private sector growth; (b) improving governance; and (c) increasing social inclusion and resilience. The DPO will be a 2-year programmatic operation and will build on the reforms supported in previous standalone development policy loans. The operation will help address critical constraints in important reform areas.
According to the World Bank, the Asian Infrastructure Investment Bank (AIIB) and KfW Development Bank (KfW) are also expected to provide parallel financing in support of this operation.
The investment comprises an IBRD Loan of US$300 million and three IDA Credits: a concessional IDA Credit of US$160 million; a concessional IDA Shorter-Maturity Loan Credit of US$240 million (US$100 million of which is made available through the IDA Scale-Up Window [SUW]); and a non-concessional IDA Credit of US$100 million through the IDA SUW.
The World Bank's website provides an overview of IDA's financial products.
World Bank Team Leaders:
Pinar Yasar - Senior Economist
Wei-Jen Leow - Senior Financial Specialist
Eskender Trushin - Senior Economist
ACCESS TO INFORMATION
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ACCOUNTABILITY MECHANISM OF THE 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 firstname.lastname@example.org. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint