Uzbekistan, ADB sign loan agreements worth $573M

March 7, 2017 - Uzbekistan and the Asian Development Bank (ADB) signed loan agreements worth $573 million, Uzbekistan National News Agency (UzA) reported.

In particular, the ADB allocated a $100-million loan for a project on financing small businesses in rural areas and for businesses of women entrepreneurs. Also, a $121-million loan was allocated to develop water supply systems in Uzbekistan’s Tashkent region.

The agreements were signed during the three-day visit of ADB President Takehiko Nakao to Uzbekistan. Nakao visited the country’s Samarkand, Bukhara and Tashkent regions and got acquainted with the results of implementation of the investment projects co-financed by the ADB.

Nakao has earlier met with Uzbek President Shavkat Mirziyoyev.

During the meeting, Mirziyoyev noted strengthening of the mutually beneficial partnership between Uzbekistan and the ADB in the implementation of programs and projects aimed at modernization of Uzbekistan’s economic sectors and infrastructure.

Uzbekistan joined the Asian Development Bank in 1995.

Source: http://iccia.com/?q=mediacenter/news/17549/details