Ministry of Economy and Finance of the Republic of Uzbekistan

The meeting was attended by the World Bank's Senior Education Specialist Tigran Shmis, World Bank Education Specialist Victoria Babakhodjaeva and other responsible representatives.

During the meeting, the parties exchanged comprehensive views on the ongoing reforms and priority areas in the socio-economic sphere in Uzbekistan.

In particular, special attention was paid to further developing mutually beneficial cooperation in the social sphere, expanding collaboration in the formation and implementation of infrastructure projects within the framework of the results-based program (Program-for-Results, PforR) in the field of education. The construction of new generation educational institutions that meet modern requirements and international standards was highlighted as a priority area.

In particular, discussions were held regarding the attraction of loan funds amounting to 55 million US dollars for the construction of modern schools, including grant funds of 5 million US dollars, as well as a project for the construction of preschool educational institutions worth 70 million US dollars. The parties discussed ways to increase the effectiveness of these projects by harmonizing, combining, and optimizing them.

Additionally, views were exchanged on structuring these projects based on the PforR mechanism, applying new approaches in the financing process, and developing precise, measurable, and result-oriented KPIs (key performance indicators) for the processes of attracting and repaying funds.

Furthermore, in the construction of educational and social infrastructure facilities, the possibilities of building energy-efficient structures using modern and "green" technologies, rational use of resources, and the implementation of advanced international practices were discussed.

Within the framework of the meeting, special attention was also given to developing sustainable and effective financing mechanisms, and improving project preparation and monitoring processes for the efficient implementation of projects.

At the conclusion of the negotiations, the parties expressed their willingness to further strengthen cooperation aimed at supporting socio-economic development, develop joint projects in specific areas, and systematically continue mutual dialogue.

PR and Communications Department

Ministry of Economy and Finance