TASHKENT, Uzbekistan, May 21. Uzbekistan’s
Ministry of Economy and Finance held talks with representatives of
the International Finance Corporation (IFC) and the World Bank on
reforms in the country’s transport sector, with a focus on
state-owned enterprises and expanding private sector participation,
Trend reports via the
ministry.
The discussions involved officials from the ministry’s
department overseeing financial regulation and pricing policy in
the housing, transport and communications sectors, as well as an
IFC delegation led by Senior Investment Officer Marco Sorge.
According to the ministry, the meeting focused on the operations
and reform agenda of major transport companies, including
Uzbekistan Railways (“O‘zbekiston temir yo‘llari”) and the public
transport operator “Toshshahartranskhizmat”.
Additionally, the international management practices at
“Toshshahartranskhizmat” and measures aimed at increasing private
sector involvement in urban transport services were discussed.
Participants reviewed the railway company’s ongoing
transformation process, including corporate governance reforms,
investment priorities and financing requirements.
At the end of the meeting, representatives of the IFC and the
World Bank reaffirmed their readiness to support Uzbekistan’s
transport sector reforms and cooperate on the modernization of
state-owned enterprises.
