• KGS/USD = 0.01137 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09287 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01137 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09287 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01137 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09287 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01137 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09287 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01137 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09287 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01137 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09287 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01137 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09287 0%
  • UZS/USD = 0.00008 0%
  • KGS/USD = 0.01137 0%
  • KZT/USD = 0.00226 0%
  • TJS/USD = 0.09287 0%
  • UZS/USD = 0.00008 0%

Viewing results 1 - 6 of 79

World Bank Helps Improve Social Services for Vulnerable People in Uzbekistan

On 24 May, the World Bank’s Board of Executive Directors approved a $100 million concessional loan for an Innovative Social Protection System for Inclusion of Vulnerable People Project to improve access to, and the quality of social services for vulnerable people in Uzbekistan. The project is co-financed by a $2 million grant from the Early Learning Partnership; a multi-donor trust fund managed by the World Bank to support vulnerable children’s development and learning. The grant will be used to evaluate and improve social services’ provision for the well-being of vulnerable children in Uzbekistan’s local communities or ‘mahallas.’ Welcoming the government’s commitment to broadening the nation’s social protection system and provide more inclusive and effective support to vulnerable people, Marco Mantovanelli, World Bank Country Manager for Uzbekistan, commented: “This project will help build the legal and institutional foundations of the care economy. It will also expand access to quality on-demand social services that are currently underprovided to thousands of vulnerable people across the country, including older people, persons with disabilities, survivors of gender-based violence, and vulnerable children.” The project will be implemented by the National Social Protection Agency through the Office of the President of Uzbekistan, in close collaboration with various government agencies, non-governmental organizations, and Uzbekistan’s international development partners. Over 50 community-based territorial social service centers (TSSCs) will be established across the country to improve access to enhanced social care and rehabilitation facilities for over 50,000 vulnerable citizens, including the elderly, people with disabilities, and vulnerable children. The project will also create a platform for a regulated and accredited provision of social services from the private sector and by encouraging external investment, reduce the strain on the state’s institutional-based care and welfare system. Once in operation, the project will equip 1,200 people with disabilities, at least half whom are aged 15-24, with professional skills and employment opportunities. Women will also benefit from legal, health and psychological services offered by the establishment of 29 Women Adaptation and Rehabilitation Centers. Last but not least, the initiative will lay the foundations for shock-responsive social protection in Uzbekistan, including the development of policies, emergency procedures and the piloting of a new climate adaptation program. Serving 100,000 impoverished people living in rural communities, the program is designed to increase awareness of climate-related risks and improve communities’ resilience through the provision of seeds for climate-resistant crops, tools, and training in climate-smart agriculture and climate adaptation practices.  

Uzbekistan to Build Central Asia’s First Solar Plant with Battery Energy Storage System

On 21 May, the Asian Development Bank (ADB) and Abu Dhabi Future Energy Company PJSC (Masdar) signed off a $46.5 million loan for the construction of greenfield solar power plant and battery energy storage system (BESS) in Uzbekistan’s Bukhara region. The Nur Bukhara plant will be Central Asia's first renewable power facility with  utility-scale battery storage. ADB reported that a further $26.5 million has been secured from the Japan International Cooperation Agency. Loans for the realization of the project have also been agreed by the International Finance Corporation, the Canada–IFC Blended Climate Finance Program and the Dutch Entrepreneurial Development Bank. The new facility, with a capacity to generate 250 megawatts and store 126 megawatt-hours of energy, will include the construction of a 20-kilovolt substation and a 3.1-kilometer transmission line to connect to the grid. Set to deliver 555 gigawatt-hours of clean energy per annum, the plant will provide power for some 55,000 households. By enabling electricity to be stored and delivered on demand, BESS  will reduce grid instability, and provide the flexibility to integrate intermittent solar resources. Generated power will be sold exclusively to the National Electric Grid of Uzbekistan. Commending the project, Masdar Director of Corporate Finance and Treasury Bruce Johnson commented: "Masdar is proud to be a key partner in Uzbekistan's clean energy journey. We are strong supporters of the country’s ambitious renewable energy targets, alongside key partners including ADB. Projects like Nur Bukhara will enhance the affordability and accessibility of reliable, clean energy for all Uzbek citizens and drive private sector growth." To meet the increasing demand for energy from Uzbekistan’s economy and growing population, the government aims to increase renewable energy generation by up to 25 GW, equivalent to 40 percent of the country’s overall electricity consumption, by 2030.  

Kazakhstan Secures Almost Billion Cubic Meters of Irrigation Water from Uzbekistan

Kazakhstan is set to receive 922 million cubic meters of water from Uzbekistan via the Dostyk interstate canal during this year's irrigation season. According to a report issued by the Kazakh Ministry of Water Resources and Irrigation on 13 May, the matter was determined in an Agreement by the Interstate Water Coordination Commission of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. In addition, the parties formally approved the joint operation of the Naryn-Syr Darya cascade of reservoirs scheduled until 30 September. It was announced that the Shardara reservoir in the Turkestan region of southern Kazakhstan currently holds 4.8 billion cubic meters of water. The Toktogul reservoir on the Naryn river in upstream Kyrgyzstan, which releases water for irrigating fields in the south, has so far amassed 8 billion cubic meters of water. During the meeting, a draft agreement was also created ‘On the creation of a mechanism for water and energy cooperation between the countries of Central Asia.’ Kazakhstan’s Minister of Water Resources and Irrigation Nurzhan Nurzhigitov commented, “Our priority now, is to collect and send flood water to the Caspian Sea, Lake Balkhash, Kamysh-Samar lakes, and from the Ulytau region to lakes in the Kyzylorda region. But it is also important to provide water to the southern regions of Kazakhstan. And in this matter, water diplomacy is very important.”  

Uzbekistan Set to Increase Coal Production

On 13 May, Uzbekistan President Shavkat Mirziyoyev reported on government plans to increase the country’s coal production. The country’s coal reserves currently amount to almost 2 billion tons, and production continues to grow. In 2023, Uzbekistan produced 6.550 million tons of coal compared to less than 4 million tons in 2016. The target this year, is to increase coal production to 8 million tons, and by 2025, up to 10 million tons. As a result of an earlier drive by the government to attract investment in the industry from the private sector,  369 thousand tons of coal were produced in 2023 and this year, is expected to rise to 900 thousand tons. Geological exploration is currently underway at new coal deposits in the regions of Surkhandarya, Kashkadarya and Tashkent, and according to the report, coal production in these areas should begin next year.  

New Measures to Boost Agriculture in Uzbekistan

On May 10, Uzbekistan President Shavkat Mirziyoyev was presented with proposed adaptations in agricultural practice and the more efficient use of land in the light of climate change. In Uzbekistan, 3 million hectares of pastural and agricultural land have been now degraded, and approximately 2 million hectares, salinized. According to experts, by 2030, water resources in the region are at risk of diminishing by almost 6 percent as a direct result of climate change. In response, Uzbekistan has developed a national program, for which over $294 million is anticipated in grant funding, to adapt agriculture to climate change and mitigate its impact. The initiative aims to improve the condition of 1 million hectares of agro-ecological landscape and degraded pastures in the Aral Sea region. Protective forest belts will be created in Karakalpakstan, as well as in Khorezm, Bukhara, and Kashkadarya regions and drought-resistant plants such as licorice, rose hips, and sesame, cultivated in areas where water is scarce. A center will be established to analyze and forecast climate change, and agrometeorological stations installed in five regions of the country. In cooperation with Italy, a further center with a nursery will be built for intensive seed cultivation alongside a farm for plants resistant to drought and salinity. Since the need to preserve water is particularly acute in areas surrounding the lower reaches of the river Amu Darya, subsidies are to be allocated for laser-leveling land in Karakalpakstan. Grain and rice producers will be reimbursed up to 100 percent of the fuel costs required to level land using a laser level, in a move to increase yields and reduce water consumption by 15-20 percent. The program also encourages farmers to build more greenhouses. In recent years, the spread of greenhouses has increased 2.6-fold, and the volume of produce grown in such, has more than tripled. The greenhouse sector currently provides 80,000 thousand permanent jobs and a further 70,000 seasonal posts. To increase the efficiency of greenhouse farms, the program proposes to reimburse greenhouse owners 50 percent of the costs of hiring qualified foreign agronomists, as well as up to 20 percent of the costs of coal heaters.

EU to Allocate €600,000 to Uzbekistan for Green Budgeting

An agreement on financing a new project in support of green development in Uzbekistan was signed on May 6 by representatives of the French Development Agency (AFD), the European Union, and the United Nations Development Program (UNDP). According to the UNDP's press service, the project aims to assist the Uzbek government in financing green development across the country through the effective use of public finance, integrating green priorities into the budgeting process (green budgeting), and introducing innovative financial instruments to attract investments in green projects. The Ministry of Economy and Finance is expected to act as the cabinet-level partner in this project. Under the agreement, grant funds in the amount of €600,000 provided by the EU will be directed by AFD and the UNDP to provide technical assistance to the government under the project "Supporting Green Development Financing in Uzbekistan" for the period 2024-2026. The new project will build on the results and achievements of the previous joint initiative by AFD and the UNDP to introduce budgeting methodologies and practices based on the Sustainable Development Goals (SDGs), which were successfully implemented in 2022-2023. At that time, the Ministry of Economy and Finance was supported in designing and developing methodologies based on international best practices, conducting research and capacity building of national partners in the field of SDGs and green budgeting. Key results of that project included climate budget labeling -- implemented for the first time in Uzbekistan -- and the presentation of its results in the "Budget for Citizens" publication.

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