Tuesday, July 2, 2019
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World Bank to provide $50 million loan for strengthening of Uzbekistan's social protection system

The World Bank’s Board of Executive Directors on July 1 approved a $50 million credit from the International Development Association (IDA) for the Strengthening the Social Protection System Project in Uzbekistan. The project will establish a single registry of eligible beneficiaries to help ensure that Uzbekistan’s social safety net programs reach and support the poorest and most vulnerable groups, especially those adversely affected by rising consumer prices including utility costs. Selected labor market interventions – such as entrepreneurship skills trainings, subsidized vocational training, and wage subsidies in private enterprises – will be strengthened and targeted to people who may be required to change jobs during the country’s economic transformation.... Read More