The World Bank approved US$800m of highly concessional, low-cost development-policy financing. Supported reforms included creation of an independent energy regulator and energy-tariff changes.
The programme addressed the state's footprint in agriculture, railways, chemicals and energy. It supported privatisation steps including the sale of FerganaAzot. Other measures covered fiscal-risk management, social and legal protection and a national green taxonomy.
The financing reduced near-term sovereign funding pressure while tying budget support to market-opening, SOE, energy and green-finance reforms.
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