EBRD mission visits Uzbekistan

Interfax
February 3

À delegation of the European Bank for Reconstruction and Development board arrived in Tashkent on Monday for a five-day monitoring mission, the EBRD office in Uzbekistan said in a press release.

The visit is taking place after a year of research and dialog with the Uzbek government, the office said.

The EBRD published a strategy for Uzbekistan in March 2003 that envisaged how the Bank would remain a key investor in the country's public and private sectors. The EBRD undertook to monitor economic and political reforms over the year.

The EBRD delegation will over the next five days meet with government officials, representatives from business and diplomatic circles and non-government organizations. It will look at the current situation with national currency convertibility, foreign trade, ownership rights and privatization, reform in the banking sector, and utility tariffs.

A report on the results of the visit will be submitted to the full board, which will determine the future strategy for EBRD cooperation with Uzbekistan.

The delegation is led by Torsten Gersfelt of Denmark and also includes Susumu Fujimoto of Japan, Simon Ray of the United Kingdom, Mark Sullivan of the United States, and Laurent Guye of Switzerland, who also represents Uzbekistan in the board. EBRD General Secretary Johnny Akerholm is accompanying the group.