First Advancing Global Integration and Market Transition Uzbekistan Programmatic Development Policy Operation (WB-P511920)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Uzbekistan
Geographic location 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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Oct 10, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Uzbekistan - Ministry of Economy and Finance
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Communications
  • Energy
  • Industry and Trade
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 800.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 800.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Media Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Oct 10, 2026

Disclosed by Bank Jul 8, 2025

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the development objective of the First Advancing Global Integration and Market Transition Development Policy Operation for Uzbekistan is to support Uzbekistan's transition to an inclusive and resilient market economy through: (i) creating markets, advancing global integration, and fostering private sector growth and jobs creation; and (ii) supporting the green economy and social inclusion.

Under the first pillar it will focus on promoting more competitive markets in telecom, electricity, heating and agricultural sectors, as well as reducing the presence of the state in competitive markets (a combination of privatization and advancing competitive neutrality, notably towards state-owned enterprises (SOEs)). This first pillar also supports reforms to deepen Uzbekistan's integration into global trade, including those required to secure World Trade Organization (WTO) membership.

The second pillar supports reforms to lower greenhouse gas (GHG) emissions through renewable energy, energy efficiency and reforms in agriculture, and reforms to promote climate resilience, especially in the agricultural sector, by directly addressing the identified sectoral climate risks. The second pillar also supports reforms to create a more inclusive economy by strengthening social protection and social insurance and addressing gender discrimination.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Environmental and Social Risk: Not Applicable

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Total Project Cost: US$ 800.00 million
World Bank Lending: US$ 800.00 million


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

World Bank
Pinar Yasar - Senior Economist
Wei-Jen Leow - Senior Environmental Finance Specialist

Borrower/Client/Recipient
Republic of Uzbekistan
Jasur Karshibaev
Advisor to the Minister of Economy and Finance
info@imv.uz

Implementing Agencies
Ministry of Economy and Finance
Ilkhom Norkulov
First Deputy Minister
info@imv.uz

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

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 ipanel@worldbank.org. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

How it works

How it works