IBRD issues $500 mln to support market reforms in Uzbekistan

Tashkent, Nov.18, 2019. /Kabar/. The International Bank for Reconstruction and Development will issue a $500 million loan to Uzbekistan to support market reforms.

This is stated in resolution of President Shavkat Mirziyoyev on measures to implement the "Support of market reforms in Uzbekistan" project with the participation of the World Bank.

The maturity is 30 years, including a 5-year grace period.

The Ministry of Finance is responsible for coordination and monitoring of the project implementation. The project implementation agents are the Central Bank, the State Committee on Statistics, the Ministry of Labor and the Ministry of Finance.