World Bank Notes Economic Growth in Uzbekistan

Tashkent, Uzbekistan (UzDaily.com) — During the V Tashkent International Investment Forum, the Hokim of the Ferghana region, Khayrullo Bozorov, held a meeting with the World Bank Vice President for Development Finance, Akihiko Nishio.

During the talks, the sides discussed further expansion of mutually beneficial cooperation and the implementation of prospective investment projects in the region.

It was noted that the World Bank is implementing systemic initiatives aimed at supporting sustainable economic growth in Uzbekistan. In recent years, the number of World Bank–supported projects in the Ferghana region has increased, along with their financial volume, contributing to infrastructure development and improved living standards.

Within the meeting, information was presented on the economic and investment potential of the region, as well as its priority development areas. The regional administration stated that the international rating agency Fitch Ratings had affirmed the Ferghana region’s long-term credit rating at “BB-” with a stable outlook, creating additional opportunities to attract international financial resources.

World Bank Vice President Akihiko Nishio noted Uzbekistan’s strong economic growth rates, as well as the effective use of allocated funds and investments in the region.

Following the talks, the sides agreed to develop further cooperation, establish a permanent dialogue mechanism, and prepare practical proposals for joint initiatives.