Uzbekistan, World Bank Explore Reforms To Spur Investment And Economic Growth

(MENAFN- Trend News Agency)
TASHKENT, Uzbekistan, June 2. Minister of
Economy and Finance of Uzbekistan Jamshid Kuchkarov met with a
delegation from the World Bank led by Asad Alam, Regional Director
for Equitable Growth, Finance, and Institutions in Europe and
Central Asia, and discussed strategic priorities for Uzbekistan’s
economic growth and investment environment, Trend reports.

The delegation included Antonio Nusifora, Practice Manager for
Macroeconomics, Trade, and Investment, as well as senior economists
and technical experts from the World Bank. On Uzbekistan’s side,
Deputy Minister Ilhomjon Umrzakov, Advisor to the Minister Jasur
Karshibayev, and other senior officials participated in the
talks.

The meeting centered on Uzbekistan’s economic development
trajectory, including growth outlooks and policy measures to
enhance its attractiveness to foreign investors. World Bank
representatives presented an analytical overview of the current
economic environment and emphasized Uzbekistan’s considerable
potential to expand exports and attract foreign direct investment
(FDI).

Discussions also addressed the importance of improving the
performance of state-owned enterprises and fostering a more
competitive market landscape. Both sides acknowledged the progress
of ongoing structural reforms aimed at economic liberalization and
the creation of a more enabling business environment.

Following the meeting, the parties reaffirmed their commitment
to strengthening strategic cooperation and advancing joint projects
to support Uzbekistan’s long-term sustainable economic
development.

MENAFN02062025000187011040ID1109625816

Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.

_{Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.}