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Uzbekistan has secured a nearly $1 billion loan from the World Bank to aid its transition to a private sector-led economy. The financial support package includes highly concessional and low-cost loans to strengthen market institutions and ensure inclusive economic growth. The funds will support reforms in areas such as social protection, privatization of state-owned enterprises, and improvement of the private sector business environment. The loan aims to promote private sector participation and enhance competition, particularly in the mobile telecommunications sector.
Friday, 16 December, 2022