ADB reviews results of cooperation with Uzbekistan in 2025 (Exclusive)

[ad_1] BAKU, Azerbaijan, January 26. In 2025, the Asian Growth Financial institution (ADB), along with its authorities and private-sector companions in Uzbekistan, achieved traditionally vital commitments, Mirzo Iskandar Gulamov, Nation Operations Head of ADB’s Uzbekistan Resident Mission, informed Pattern.

"These commitments enabled the well timed implementation of the Nation Partnership Technique for 2024–2028 and allowed us to completely help the New Uzbekistan 2030 Technique, with a deal with fiscal sustainability, state-owned enterprise transformation, private-sector progress, and the inexperienced transition," he stated.

Gulamov recalled that beneath its policy-based engagement with the Authorities of Uzbekistan, ADB supplied $800 million in long-term concessional financing to help reforms in public and financial administration, in addition to to develop entry to finance for micro and small companies.

"Our policy-based help was complemented by mission financing aimed toward infrastructure enlargement and social improvement, together with three sovereign loans and three partial credit score ensures totaling $556 million—the very best annual dedication so far," he famous.

In keeping with him, 2025 additionally marked a number of first-of-their-kind initiatives, together with the inaugural issuance of Uzbekistan sum-denominated bonds to help women-owned enterprises, the primary utility of credit score assure mechanisms to de-risk personal funding within the vitality sector, and the primary non-sovereign lending operation within the mortgage sector.

"Key infrastructure initiatives included the CAREC Street Hall 2 Resilience and Modernization Venture to boost regional connectivity, in addition to Local weather-Sensible Water Administration Enchancment Tasks aimed on the digital transformation of the water provide sector and modernization of water useful resource administration by good applied sciences," Gulamov stated.

He added that the STEM in Secondary Training Venture additional contributed to nationwide improvement by equipping younger individuals in Uzbekistan with innovation-driven abilities important for sustainable and inclusive progress.

Gulamov additionally famous that ADB catalyzed private-sector funding by six non-sovereign transactions value $271 million, together with main renewable vitality tasks reminiscent of Central Asia’s first wind energy plant with a battery vitality storage system and two large-scale photo voltaic photovoltaic vegetation in Samarkand.

"As well as, ADB facilitated $305 million in commerce and supply-chain finance and issued its first Uzbekistan som-denominated bond, contributing to the event of native capital markets," he stated.

He famous that these efforts had been applied inside the framework of the thirtieth anniversary of the ADB–Uzbekistan partnership, marked by high-level visits and outreach occasions. Notably, ADB President Masato Kanda visited Uzbekistan and met with President Shavkat Mirziyoyev on November 18 to reaffirm the financial institution’s dedication to supporting Uzbekistan’s reform agenda.

"Taken collectively, these achievements strengthened our partnerships and laid a strong basis for internet hosting ADB’s Annual Assembly in Samarkand in 2026," Gulamov concluded.

The CAREC Street Hall 2 Resilience and Modernization Venture in Uzbekistan, supported by the Asian Growth Financial institution (ADB), goals to improve the A380 freeway to boost regional connectivity, scale back journey occasions, and enhance local weather resilience. Key developments embrace setting up a brand new bypass, reconstructing freeway sections with climate-resilient options, and implementing Clever Transport Programs (ITS).

The mission seeks to strengthen Uzbekistan's function as a transit hub and promote financial progress whereas addressing local weather change and gender equality. It performs a significant function in enhancing Central Asia's connectivity to world markets and supporting inclusive progress, notably in Karakalpakstan.