World Bank Greenlights $800M Loan to Drive Uzbekistan’s Structural Reforms

The World Bank’s Board of Executive Directors has approved a concessional loan package of $800 million to assist Uzbekistan in implementing critical structural reforms.

The financing will focus on key priorities such as reducing poverty, creating jobs, fostering private sector growth, and boosting competition across vital sectors of the economy, The Caspian Post reports via Russian media.

Key policy measures supported by this program include alleviating the effects of rising energy tariffs on low-income families, protecting women from workplace harassment and violence, and expanding social service access for vulnerable groups.

The reform agenda also aims to enhance competition within the telecommunications, agriculture, and energy industries, alongside efforts to increase Uzbekistan’s international trade capabilities.

This development follows a recent $500 million loan approval by the Asian Development Bank (ADB), which targets improving public sector efficiency, modernizing management of state-owned enterprises, and accelerating Uzbekistan’s integration into the global economy.