World Bank allocates $200 million to Uzbekistan to mitigate effects of coronavirus
Tashkent, May 1 -- The World Bank's Board of Executive Directors approved today $200 million in additional development policy financing to support Uzbekistan's ongoing health, social, and economic policy responses to the crisis caused by the COVID-19 pandemic. This financing will provide additional money for the government's budget amidst a large decline in tax revenues and an unanticipated increase in expenditures to cover anti-crisis measures.
Following detailed advanced planning and preparation, Uzbekistan has taken strong and early health and social distancing measures to contain local transmission of COVID-19. However, as in many other countries around the world, the negative impact of the global economic slowdown and domestic conta...
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