ADB celebrates 10 years of its partnership with Uzbekistan, a period in which it has provided more than $1 billion to improve living standards in the country and achieve economic development.
Juan Miranda, Director General of ADB's Central and West Asia Department, arrived in the country yesterday for a two-day visit to participate in the celebration.
“Our partnership between ADB and Uzbekistan over these 10 years has grown stronger,” said Mr. Miranda. “ADB is proud of being Uzbekistan's trusted development partner and we will continue to work together to meet the country's development needs.”
During his trip, he will also meet with the senior government officials and participate in a press conference and reception to mark the event.
ADB is supporting basic reforms and enhancing the potential for growth through investment to the rural development, social sector, regional cooperation, and private sector development.
As of 30 September 2006, cumulative lending to Uzbekistan totals $974.9 million for 23 loans.
In terms of number of loans, projects in the education (30.4 percent) and agriculture and natural resources (26 percent) sectors account for the largest share of ADB's lending.
The water supply, sanitation and waste management, and transport and communication sectors account for 13 percent each or 26 percent of total lending.
Support to the health, nutrition and social protection, finance, industry and trade, and energy sectors represent the 17.6% of total lending. ADB has provided 65 TA grants to Uzbekistan totaling $33.3 million.
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