Uzbekistan plans to attract US$693m ADB funds

Anvar Umarov · 12:13, 18.02.2010 · Updated 21:57 · 1219 views

Tashkent, Uzbekistan (UzDaily.uz) -- Uzbekistan is planning to attract US$693 million funds of the Asian Development Bank (ADB) for realization of priority projects within three years.

Currently, Uzbekistan and ADB are planning to develop and realize 19 priority projects in line with Financial Cooperation Programme, designed for three years. The bank periodically develops and implements strategy and cooperation programme in Uzbekistan.

Uzbekistan joined ADB in August 1995 and since that time has received 30 ADB loans totaling US$1.2 billion and technical assistance of US$32 million, the report underlined.

Anvar Umarov

Anvar Umarov is the founder and editor-in-chief of UzDaily, a leading business and news publication covering Uzbekistan and Central Asia. With over 20 years of experience in journalism, he has also worked as a PR manager for both state and private organizations, bringing a broad perspective on media, communications, and public affairs to his editorial leadership.