Uzbekistan Angles for $100M Job Creation Loan
Under the late President Islam Karimov, the government in Uzbekistan boasted unconvincingly about its record on job creation. And that was despite the million of people forced to leave the country to find work elsewhere.
In an acknowledgement that not all is well on the labor front, Tashkent is now angling for a $100 million loan from the World Bank for a five-year program to create 500,000 new jobs.
The proposed line of credit is seen as part of the World Bank’s new Country Partnership Framework for Uzbekistan for 2016-2020, which was the focus of discussion last week during a visit to the country from the lender’s recently appointed director for Central Asia, Lilia Burunciuc.
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