Add us as your preferred source on Google to see more of our content in Search.
Add to Preferred SourcesAsian Development Bank (ADB) Vice-President Mr. Shixin Chen has commended the government on its reform agenda and its management of the country’s transformation to a market-based economy during a 4-day visit to Uzbekistan from 16 to 19 April.
Mr. Chen reiterated ADB’s strong support for the government’s development and reform agenda and expressed confidence in the country’s economic prospects. He also discussed ADB’s ongoing and planned operations in Uzbekistan and said that ADB is committed to further support the country’s economic development.
“For more than two decades, Uzbekistan and ADB have worked together to bring prosperity to the people of Uzbekistan,” said Mr. Chen. “We hope to strengthen our partnership further by investing in key sectors of the economy and by developing knowledge partnerships and innovative financing approaches.”
ADB is preparing a new 5-year Country Partnership Strategy (CPS) for Uzbekistan to establish a stronger foundation for inclusive, diversified, and sustainable economic growth, improving governance and institutional capacity and promoting regional cooperation and connectivity. ADB plans to mobilize more than $1 billion per year in the next three years to improve water supply and sanitation, transport infrastructure, energy generation and distribution, and youth employment; create jobs in rural areas; broaden access to modern health care; and support the government’s reform program in economic management and social protection improvement.
Original source: ADB
Published on 19 April 2019