The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) today priced a new USD 2 billion 10-year global benchmark bond maturing October 23, 2029.

The World Bank has rapidly scaled up its support to Uzbekistan since the start of the country’s social and economic transformation in 2017. The World Bank program in Uzbekistan is among its largest in the Europe and Central Asia region, with 22 projects totaling $4.08 billion. The program is focusing on economic and institutional reforms, agriculture, health, education, water supply and sanitation, energy, transport, social protection system, and urban development.

The World Bank is holding steady its crude oil price forecast for the year at $55 per barrel, a 29 percent jump from 2016. The energy price forecast assumes members of the Organization of the Petroleum Exporting Countries (OPEC) and other oil producers will partially comply with an agreement to limit production after a long period of unrestrained output.