Beijing, 31 August 2024 (TDI): The Asian Development Bank (ADB) has announced a new five-year partnership strategy for Uzbekistan, spanning from 2024 to 2028, aimed at supporting the country’s transition to a green and inclusive economy.
This strategy aligns with Uzbekistan’s long-term development plan, “Uzbekistan-2030,” and focuses on several key areas.
Eugene Zhukov, ADB’s Director General for Central and West Asia, stated that the strategy will assist Uzbekistan in achieving its green economy goals by 2030.
“As a longstanding partner, ADB is committed to helping Uzbekistan maintain its economic growth and reduce poverty despite external challenges,” Zhukov said.
The ADB’s new strategy will target interventions across multiple sectors, including energy, public sector management, finance, transport, agriculture, natural resource management, and urban development.
Bank’s Investments
The bank will also invest in education, social protection, and the transformation of state-owned enterprises.
Key areas of focus include strengthening macroeconomic and fiscal reforms, enhancing private sector development, improving financial markets, and investing in infrastructure.
The strategy aims to improve educational quality, expand access to health and social services, and boost private sector involvement in Uzbekistan’s economic development.
Also Read More: World Bank and ADB projects China’s GDP growth of 5.2%
Furthermore, ADB will continue its collaboration with Uzbek civil society organizations to address climate change, promote gender equality, and support vulnerable populations.
Since 1995, ADB has provided Uzbekistan with $12.5 billion in loans, grants, and technical assistance.
 has announced a new five-year partnership strategy for Uzbekistan, spanning from 2024 to 2028...read more){kind=link}