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Reception of the World Bank mission under the leadership of Mr. Julio Revilla in CER

13.12.2017

Reception of the World Bank mission under the leadership of Mr. Julio Revilla in CER

On  December 12, 2017 at the Center for Economic Research Director of CER, Sh. Nazarov met with the leading economist of the World Bank, Mr. Julio Revilla.

During the meeting, issues of implementation of reforms and transformations implemented by the Government of the Republic of Uzbekistan were discussed, topical features of economic development and macro-fiscal management were mentioned, issues of the functioning of the tax system and profound transformation of trade policy, taking into account the situation on international commodity and currency markets, were considered

It was also noted that Uzbekistan is undergoing very important changes, it is opening for the world. Thanks to the consistent implementation of large-scale reforms in all sectors and spheres in Uzbekistan, the structure of the economy has been radically changed, and a reliable foundation for sustainable development has been created. The only evidence of this is the balance of the main macroeconomic indicators observed in recent years. The progress and milestones achieved by Uzbekistan are widely recognized by the world community.

Within the framework of the bilateral meeting, the issues of development of entrepreneurship, stimulation of the social sphere, reduction of the tax burden and improvement of tax administration were also touched upon.

Following the meeting, the parties agreed to strengthen cooperation in exchanging the necessary information and conducting joint research between the World Bank and the Center for Economic Research.