Sustaining Market Reforms in Uzbekistan Development Policy Operation

Abstract*

The Development Policy Loan (DPL) supports the ambitious reform program of the Government of Uzbekistan (GoU) to successfully transition to a competitive and more inclusive market-oriented economy. Reforms supported are organized under two pillars necessary to this transition: (i) increasing the role of markets and the private sector in the economy; and (ii) enhancing social inclusion. The proposed operation is a stand-alone development policy loan... Show More

Development Objective

Sustain Uzbekistan's economic reforms and transition to a market economy by (i) increasing the role of markets and the private sector in the economy; and (ii) enhancing social inclusion.

Key Details

Project Details

Project ID
P168280
Status
Closed
Team Leader
Vinayakraj Nagaraj , Bakhrom Ziyaev
Borrower 2
Republic of Uzbekistan

Country
Uzbekistan
Disclosure Date
February 13, 2019
Approval Date
(as of board presentation)
June 14, 2019
Effective Date
July 19, 2019

Total Project Cost 1
US$ 0.00 million
Implementing Agency
Ministry of Finance of the Republic of Uzbekistan
Region
Europe and Central Asia
Fiscal Year 3
2019

Commitment Amount
US$ 500.00 million
Environmental Category
N/A
Last Update Date
February 26, 2024
Closing Date
December 31, 2020

Last Stage Reached
BANK APPROVED

Associated Projects
P173948

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change17%
- FY17 - Adaptation4%
- FY17 - Mitigation12%
FY17 - Energy17%
- FY17 - Energy Policies & Reform17%

FY17 - Finance

FY17 - Financial Stability8%
- FY17 - Financial Sector oversight and policy/banking regulation & restructuring8%

FY17 - Human Development and Gender

FY17 - Gender17%

FY17 - Private Sector Development

FY17 - Business Enabling Environment25%
- FY17 - Investment and Business Climate25%
FY17 - Jobs25%
- FY17 - Job Creation25%

FY17 - Public Sector Management

FY17 - Public Administration8%
- FY17 - State-owned Enterprise Reform and Privatization8%
FY17 - Public Finance Management8%
- FY17 - Public Expenditure Management8%

FY17 - Social Development and Protection

FY17 - Social Protection8%
- FY17 - Social Safety Nets8%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	500.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	500.00
IDA Commitment	N/A
IBRD + IDA Commitment	500.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	N/A

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

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
May 1, 2020	IBRD-91020	Loan Disb	500,000.00
Dec 15, 2020	IBRD-91020	Int Charges	394,403.75
Dec 15, 2020	IBRD-91020	Int Charges	1,331,833.40
Nov 15, 2020	IBRD-89720	Int Charges	5,060,000.00
May 15, 2021	IBRD-89720	Int Charges	3,896,527.80
Jun 15, 2024	IBRD-91020	Int Charges	39,766.72
May 15, 2024	IBRD-89720	Int Charges	17,895,322.00
Jun 15, 2021	IBRD-91020	Int Charges	1,162,777.80
Jun 15, 2024	IBRD-91020	Int Charges	6,805,622.00
Jun 14, 2019	IBRD-89720	Loan Commitment	500,000,000.00
Apr 30, 2020	IBRD-91020	Loan Commitment	200,000,000.00
Dec 15, 2022	IBRD-91020	Int Charges	3,913,126.00
May 15, 2023	IBRD-89720	Int Charges	16,038,611.00
Jun 15, 2023	IBRD-91020	Int Charges	5,632,920.00
Jun 15, 2023	IBRD-91020	Int Charges	255,882.45
Dec 15, 2023	IBRD-91020	Int Charges	106,360.19
Dec 15, 2023	IBRD-91020	Int Charges	6,429,446.00
Nov 15, 2023	IBRD-89720	Int Charges	16,994,444.00
Jun 15, 2022	IBRD-91020	Int Charges	1,243,666.60
May 15, 2022	IBRD-89720	Int Charges	3,846,250.00
Nov 15, 2021	IBRD-89720	Int Charges	3,807,777.80
Dec 15, 2021	IBRD-91020	Int Charges	1,098,000.00
Nov 15, 2022	IBRD-89720	Int Charges	8,331,111.00
Dec 9, 2019	IBRD-89720	Loan Disb	498,750,016.00
Nov 15, 2019	IBRD-89720	Int Charges	201,549.66
Nov 15, 2019	IBRD-89720	Int Charges	14,503.14
Jul 19, 2019	IBRD-89720	Loan Disb	1,250,000.00
Jul 19, 2019	IBRD-89720	Fee Charges	1,250,000.00
May 15, 2020	IBRD-89720	Int Charges	81,986.30
May 15, 2020	IBRD-89720	Int Charges	7,068,794.50
May 4, 2020	IBRD-91020	Loan Disb	199,500,000.00
May 1, 2020	IBRD-91020	Fee Charges	500,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS