World Bank Document

The proposed IDA/IBRD financial envelope reflects WBG’s growing partnership 

with Uzbekistan. It would total up to $3 billion over the five-year CPF period, of which about 

one-third would be on IDA and two-thirds on IBRD terms. IFC investments are expected to 

increase with amounts depending on the government’s progress in moving towards a private 

sector-driven, market-based economy, reforms to further improve the investment climate and 

business environment, and the growth outlook in Uzbekistan’s main commercial partners. 

 

vii. 

CPF implementation will involve several risks that will need to be managed and/or