Minister of Finance met with the World Bank Vice President
A meeting of the Deputy Prime Minister, Minister of Finance Jamshid Kuchkarov with the World Bank Vice President for Europe and Central Asia Cyril Muller was held at the Ministry of Finance.
At the meeting, an Agreement was signed between the Government of the Republic of Uzbekistan and the World Bank on allocation of loan funds to support ongoing reforms in the amount of $500 million.
The parties discussed further ways of mutually beneficial cooperation. In particular, the sides discussed the possibility of participation of experts from the World Bank and other organizations in drafting the Tax Code of the Republic of Uzbekistan in a new edition proceeding from the main directions of the Concept of improving the tax policy of the Republic of Uzbekistan.
As reported by the Press Service of the Ministry of Finance, two independent missions of the World Bank are expected to arrive for providing technical assistance on the issues of development of the Tax Code and definition of the main directions of the pension reform.
Following the meeting, representatives of the World Bank proposed to continue reforms aimed at increasing the efficiency and ensuring profitability of state-owned companies, as well as on ensuring sustainability of state-owned commercial banks.