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ADB Reaffirms Support for Uzbekistan's Development.

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ENPNewswire-October 4, 2021--ADB Reaffirms Support for Uzbekistan's Development

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Release date- 01102021 - ADB Reaffirms Support for Uzbekistan's Development.

Asian Development Bank (ADB) Vice-President Shixin Chen met senior government officials this week in Tashkent to reaffirm ADB's support for Uzbekistan's continued development and recovery from the coronavirus disease (COVID-19) pandemic.

Mr. Chen met Deputy Prime Minister, Minister of Investments and Foreign Trade, and ADB Governor Sardor Umurzakov; Deputy Prime Minister and Minister of Economic Development and Poverty Reduction Jamshid Kuchkarov; and Deputy Prime Minister for Social Development Bekhzod Musayev, among other senior officials.

'We commend the Government of Uzbekistan's commitment to pursuing its reform agenda while navigating the unprecedented challenges posed by the pandemic,' said Mr. Chen. 'ADB will continue to support projects and policies, including regional cooperation and integration, to accelerate the country's green and inclusive economic recovery.'

Mr. Chen welcomed Uzbekistan's green growth strategy and commitment to the Paris Agreement through increased investments in renewable energy and mainstreaming climate resilience in all sectors. Mr. Umurzakov appreciated ADB's timely support to help Uzbekistan mitigate adverse impact of COVID-19 and enable fiscal space for anti-crisis measures and social protection. He and Mr. Chen discussed ADB's ongoing support and enhanced partnership with the government to ensure projects are implemented efficiently. Mr. Chen reiterated ADB's plan to accommodate Uzbekistan's needs for development finance with a robust pipeline for 2022, including expanding the range of projects through public-private partnerships.

In his meeting with Mr. Kuchkarov, Mr. Chen commended government efforts to enact structural reforms to transform Uzbekistan's economy. He reconfirmed ADB's support for the transformation of state-owned enterprises, developing the financial markets, and improving the enabling...

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