The World Bank Vice President for Europe and Central Asia visits WIUT Featured

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The World Bank Vice President for Europe and Central Asia meets with students and business leaders at the WIUT

On February 27, 2019, World Bank Vice President for Europe and Central Asia Cyril Muller met with students, business leaders and journalists at the Westminster International University in Tashkent (WIUT). The meeting was a part of Mr. Muller’s two-day visit to Uzbekistan, where he will hold talks with senior government and parliamentary officials to deepen bilateral cooperation and reaffirm the World Bank’s continued support for the country’s reform agenda.

Welcoming Mr. Muller, Rector of WIUT Komiljon Karimov said: “Westminster International University in Tashkent is one of the country’s leading higher education establishments training professionals capable to implement social and economic changes crucial for Uzbekistan’s future. We are proud that among university teachers there are leaders from public and private sectors, who are generously sharing their experience and knowledge with our students making them better prepared for this task”.

During his speech Mr. Muller spoke about the opportunities that social and economic reforms present for citizens of Uzbekistan, especially women and young people, to participate in the economic future of their country. And he listened to views from the audience about the ongoing changes in the country.

Uzbekistan is making strong progress in transforming its economy and building opportunities to improve people’s lives. Translating this economic and social transformation into higher living standards will take time, but we have seen how this type of change can make a big difference - for example in China and in Vietnam”, Mr. Muller noted.

Ongoing market-reforms are opening up a once highly regulated economy and will help improve the business environment and strengthen institutions in Uzbekistan. These reforms will boost private sector investments, create jobs, especially for young people, and help the country achieve sustainable economic growth. The World Bank strongly supports Uzbekistan’s critical reforms to grow the economy and improve citizens’ wellbeing”, Mr. Muller added.

The World Bank is supporting Uzbekistan through the implementation of 19 projects, totaling around $3.4 billion. These projects contribute to the implementation of macroeconomic reforms, the improvement of agriculture and water resources management, energy, transport, healthcare, education, water supply and sanitation services, and urban development.