Thu 05 2016 10:26:36
Tashkent, Uzbekistan (UzDaily.com) -- On 24 May, the World Bank’s Board of Executive Directors approved a US$20 million IDA credit for the Modernization of Real Property Registration and Cadastre Project in Uzbekistan.
The goal of the project is to improve the efficiency and accessibility of the real property registry and cadastre system as part of the national e-Government structure and services.
The project supports the Government of Uzbekistan in its efforts to protect private property and minimize the costs of doing business for the private sector to evolve further and create jobs, thus helping the country to sustain economic growth and transform into an industrialized high-middle income country by mid-century.
Building a stronger and more transparent business environment through access to registry and cadastre data will be vital to sustaining economic growth, reinforcing social stability and enabling further improvements in the welfare of poor households in Uzbekistan.
“The eGovernment Master Plan initiative, of which the registry and cadastre is a central part,” said Junghun Cho, World Bank Country Manager for Uzbekistan, “is one of the Government’s priorities to improve the investment climate in Uzbekistan. The transition from a paper-based to a computer-based integrated land registry and cadastre will enable the country to improve the transparency of real property ownership and transactions, to allow public online access to geospatial data, and to improve customer services.”
The project will focus on establishing an electronic and unified real property registry and cadastre in the State Committee of the Republic of Uzbekistan on Land Resources, Geodesy, Cartography and State Cadastre, and will be implemented nationwide. It will enhance the operations of this government body by improving its regulatory and operational framework and capacities, and expanding geospatial data exchange and dissemination.
Uzbekistan joined the World Bank in 1992. The World Bank’s mission in the country is to improve people’s livelihoods by being a partner in economic reforms, supporting the modernization of the country’s social sectors and infrastructure, and sharing its knowledge and experience with the government and the people of Uzbekistan. Current World Bank commitments to Uzbekistan amount to about US$2 billion.