Uzbekistan, World Bank Discuss Establishment Of Digital Geology Platform

Date

1/17/2025 6:10:00 AM

(MENAFN- Trend News Agency)
TASHKENT, Uzbekistan, January 17. Uzbekistan’s
Ministry of Economy and Finance, together with the World Bank,
discussed the creation of a centralized digital platform designed
to collect, systematize, and effectively utilize geological data,
Trend reports.

The news follows a meeting between Remi Pelon, senior specialist
from the World Bank’s mining industry Department, Francisco
Igualada, mining and geology consultant, Deputy Minister of Economy
and Finance Khurshed Mustafayev, along with other ministry
officials and representatives from the Ministry of Mining and
Geology.

The platform aims to streamline the investment process and
attract international investors to the sector.

During the meeting, the sides reviewed developing Uzbekistan’s
geological potential, attracting international investment, and
creating sustainable supply chains. The World Bank delegation
praised the country’s opportunities for geological exploration and
its efforts to implement institutional reforms to support
investment.

The talks also highlighted the importance of improving ESG
(Environmental, Social, and Governance) standards in the geological
and mining industries to boost global competitiveness.
Additionally, efforts to digitize geological research, train
qualified personnel, and introduce technological innovations were
discussed.

Moreover, the bank representatives stressed the unique
opportunity this project offers for the further development of
Uzbekistan’s mining industry and emphasized the need for expedited
progress.

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