World Bank Portfolio
Number of active projects
The World Bank is progressing with the preparation of the Systematic Country Diagnostic for Uzbekistan to inform the development of a new Country Partnership Framework (CPF) for FY22–26. The new CPF will outline the financial support and analytical work that the Bank will provide in the next five years to help the Government advance on its ambitious goals during the next, more complex phase of economic transformation and market liberalization reforms.
The Bank’s country program under the ongoing CPF was adjusted in 2018 to support the Government’s reform agenda launched a year earlier. It is currently focusing on the following areas prioritized by the authorities: i) a sustainable transformation to a market economy; ii) reform of state institutions and citizen engagement; and iii) investments in human capital, including health and education sector development. In 2020, it was adapted to help mitigate the impact of the COVID-19 pandemic.
The World Bank Group’s financial and technical assistance and analytical support have grown substantially since 2017, bolstering the Government’s efforts to implement a comprehensive program of reforms for Uzbekistan’s transition to a market economy.
Today, the World Bank’s country program in Uzbekistan is the second largest in the ECA region, after Turkey. As of April 1, 2021, the program consisted of 24 projects, with net commitments totaling around US$4.3 billion. They include loans from the International Bank for Reconstruction and Development (IBRD) for US$1.7 billion and credits from the International Development Assistance (IDA) for roughly US$2.6 billion.
The World Bank backs the Government in implementing economic and institutional reforms to modernize the agriculture, health, education, water supply and sanitation, energy, transport, and social protection sectors and to promote urban and rural development.
At the request of the Government, the World Bank, in close coordination with other development partners, has provided emergency financing totaling US$299 million to help Uzbekistan cope with the immediate health, social, economic, and budgetary implications of the COVID-19 pandemic crisis.
The Bank’s project portfolio in Uzbekistan is complemented by a comprehensive program of technical assistance and advisory and analytical services delivered jointly with the International Finance Corporation (IFC). The current program includes core diagnostics work, such as a Systematic Country Diagnostic; a Public Expenditure Review; a Poverty Reduction Assessment; just-in-time inputs to the Government’s strategies in agriculture, transport, and energy; and technical assistance activities supporting reforms in aviation, energy, tax policy and administration, banking, trade facilitation, poverty reduction, and citizen engagement.
IFC is also expanding its country program. As of April 1, 2021, it had roughly US$100 million in investment commitments in Uzbekistan It is providing advisory services, assisting the Government in privatizing state-owned banks, transforming the cotton sector, modernizing the chemical industry, developing and diversifying the financial market, and piloting public-private partnerships in the renewable energy and health sectors.