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PRESIDENT OF THE WORLD BANK: UZBEKISTAN NEEDS NATIONAL
CURRENCY CONVERSION  
APRIL 13, 2002
RIA NOVOSTI 

World Bank President James Wolfensohn urged Uzbekistan
to undertake measures to ensure national currency
conversion. He stated on Saturday at a press
conference in Tashkent in the wake of his visit to
Central Asia that it was required for the republic to
become competitive in foreign markets. 
In Uzbekistan the head of the World Bank was received
by Islam Karimov, President of the republic. In the
course of their meeting the parties stated "successful
development of cooperation" between Tashkent and the
World Bank. Wolfensohn stressed the importance "of
more decisive and comprehensive structural reforms."
This cooperation was initiated in 1992 and was
especially tangible in the last years during which the
World Bank allocated USD 494 million to Uzbekistan to
implement a number of projects. In 2002-2004 the Board
of directors of the World Bank approved financing of
projects in Uzbekistan for the amount of USD 350
million.  


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