ADB Reveals Its Investments In Uzbekistan In 2022
Date
12/24/2022 12:10:53 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, December 24. Asian
Development bank (ADB) committed five new public sector projects
and programs for just over $1 billion for Uzbekistan in 2022, a
source at ADB told trend .
The mission rep said ADB's support in 2022 is based on the ADB's
Country Partnership Strategy 2019–2023 for Uzbekistan, which aimed
at supporting reforms for country's transition toward an inclusive
and market-driven economy.
'It is closely aligned with the country's national development
strategy and its priority areas such as governance and public
administration reforms; economic development, including structural
reforms, strengthening private ownership and entrepreneurship, and
improving transport and trade connectivity; and social
development,' the mission representative said.
'The government of Uzbekistan aims to reduce the state's
footprint through a robust private sector. ADB assists in this
transition by providing policy advice, capacity building, and
projects that support private sector development, reduce economic
and social disparities, and promote regional cooperation and
integration,' said the mission representative.
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