In a significant move towards advancing its digital economy and fostering job creation in the IT services sector, Uzbekistan has sealed an agreement with the World Bank. The Ministry of Economy and Finance, in collaboration with the international organization, has inked a deal for a soft loan amounting to $50 mn dedicated to the implementation of the Digital Inclusion project.
The agreement, recently finalized in Washington, marks a crucial milestone in Uzbekistan's journey towards digital transformation and economic diversification. During discussions between Antonella Bassani, Vice President for Europe and Central Asia at the World Bank, and Jamshid Kuchkarov, Deputy Prime Minister and Head of the Ministry of Economic Finance, the focus remained on the imperative of market reforms and governmental strategies to address the pressing challenges posed by climate change.
The Digital Inclusion project is set to play a pivotal role in shaping Uzbekistan's digital landscape and fostering inclusive economic growth. Central to the initiative is the aim of building a robust digital economy while simultaneously creating new employment opportunities, particularly in the burgeoning IT services sector.
Key components of the Digital Inclusion initiative include comprehensive training programs targeted at residents of rural and remote areas under the age of 30. IT Park, a flagship institution driving innovation in Uzbekistan's IT sector, will spearhead these training initiatives and also facilitate programs aimed at attracting IT companies to the country. As part of the endeavor, 11 IT service centers will be established, incentivizing technology firms to establish regional offices and expand their workforce.
Moreover, the project places a strong emphasis on fostering inclusivity and diversity in the IT workforce. Plans are underway to employ 9,000 young individuals in IT companies, with a specific focus on inclusivity by ensuring the participation of 4,500 women and 360 individuals with disabilities. Additionally, the project aims to train 6,200 individuals in digital skills, communication, and foreign languages, thereby equipping them with the necessary expertise to thrive in the digital age.
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