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Uzbekistan Reforms for a Sustainable Transformation toward a Market Economy DPO

Abstract*

This program document describes the proposed Development Policy Operation (DPO) to the Republic of Uzbekistan in the amount of USD 500 million. This operation is historic: it is the first DPO from the WBG to the country since its independence supporting Uzbekistan’s first steps in its transformation towards a successful market economy.With the weaknesses of the old growth model fully unmasked, and a pressing need for jobs, Uzbekistan launched a process...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

Support Uzbekistan’s economic transformation into a market economy.

Key Details

Project Details

  • P166019

  • Closed

  • Vinayakraj Nagaraj

  • Minister of Finance

  • Uzbekistan

  • June 26, 2018

  • (as of board presentation)

    June 26, 2018

  • July 20, 2018

  • US$ 300.00 million

  • Ministry of Finance

  • Europe and Central Asia

  • 2018

  • US$ 500.00 million

  • N/A

  • February 26, 2024

  • December 31, 2019

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 500.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 500.00
IBRD + IDA Commitment 500.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 300.00

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of March 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
May 15, 2020 IDA-62840 Int Charges 3,550,000.00
May 15, 2023 IDA-62840 Int Charges 3,650,000.00
May 15, 2021 IDA-62840 Int Charges 3,650,000.00
May 15, 2021 IDA-62840 Int Charges 3,550,000.00
Nov 15, 2020 IDA-62840 Int Charges 3,650,000.00
Nov 15, 2020 IDA-62840 Int Charges 3,650,000.00
Nov 15, 2020 IDA-62840 Int Charges 3,550,000.00
May 15, 2019 IDA-62840 Int Charges 2,741,389.00
May 15, 2019 IDA-62840 Int Charges 2,818,611.00
May 15, 2019 IDA-62840 Int Charges 2,818,611.00
Dec 26, 2018 IDA-62840 Loan Disb 500,000,000.00
Nov 15, 2019 IDA-62840 Int Charges 3,650,000.00
Nov 15, 2019 IDA-62840 Int Charges 3,650,000.00
Nov 15, 2019 IDA-62840 Int Charges 3,550,000.00
May 15, 2020 IDA-62840 Int Charges 3,650,000.00
May 15, 2020 IDA-62840 Int Charges 3,650,000.00
May 15, 2022 IDA-62840 Int Charges 3,650,000.00
May 15, 2022 IDA-62840 Int Charges 3,650,000.00
May 15, 2022 IDA-62840 Int Charges 3,550,000.00
Nov 15, 2022 IDA-62840 Int Charges 3,650,000.00
Nov 15, 2022 IDA-62840 Int Charges 3,650,000.00
Nov 15, 2022 IDA-62840 Int Charges 3,550,000.00
Nov 15, 2021 IDA-62840 Int Charges 3,650,000.00
Nov 15, 2021 IDA-62840 Int Charges 3,650,000.00
Nov 15, 2021 IDA-62840 Int Charges 3,550,000.00
Jun 26, 2018 IDA-62840 Loan Commitment 500,000,000.00
May 15, 2024 IDA-62840 Loan Repay 8,250,000.00
May 15, 2024 IDA-62840 Int Charges 3,589,775.00
May 15, 2024 IDA-62840 Int Charges 3,589,775.00
May 15, 2024 IDA-62840 Int Charges 3,491,425.00
May 15, 2023 IDA-62840 Int Charges 3,550,000.00
Nov 15, 2023 IDA-62840 Loan Repay 8,250,000.00
Nov 15, 2023 IDA-62840 Int Charges 3,650,000.00
Nov 15, 2023 IDA-62840 Int Charges 3,650,000.00
Nov 15, 2023 IDA-62840 Int Charges 3,550,000.00
May 15, 2023 IDA-62840 Int Charges 3,650,000.00
May 15, 2021 IDA-62840 Int Charges 3,650,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 05-31-2022
OutcomesSubstantial
Risk to Development Outcome
Bank PerformanceSubstantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 03-22-2023PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingSatisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceN/a
Implementing AgencyN/a
Icr QualityModestN/a
M&e QualityN/a

Results Framework

No data available.