Uzbekistan’s Deputy PM, ADB President discuss new prospects for deepening mutually beneficial partnership

BUSINESS 12:56 / 28.03.2022 4258

According to the Ministry of Investments and Foreign Trade (MIFT), the parties discussed the agenda of bilateral cooperation, the implementation of joint projects, measures to accelerate them, as well as new areas for expanding cooperation.

The head of the ADB highly appreciated the level of the forum, noting its importance for stimulating investment activity in the country, as well as developing economic ties with partner countries.

He also welcomed the holding of the “Country Platform” for Uzbekistan on the sidelines of the forum, while expressing readiness to provide support in improving the effectiveness of its activities in coordinating interaction with donors and development partners in terms of implementing joint projects.

Additionally, the parties discussed the prospects for intensifying cooperation in the field of supporting women's entrepreneurship. The ADB President expressed his readiness to assist in joining Uzbekistan to the We-Fi Women’s Entrepreneurship Development Program, which was created to increase access to financial resources of women-led companies. The prospects for expanding credit lines to support women in business provided by the ADB to commercial banks in Uzbekistan were also considered.

Moreover, the parties discussed issues of cooperation to increase the number of public-private partnership projects in such areas as electricity distribution, construction and modernization of water supply systems, healthcare and transport.

The healthcare sector took a special place on the agenda of the negotiations – the prospects for attracting ADB to develop a national strategy for the development of the health sector in Uzbekistan were considered.

Following the meeting, an agreement was reached to maintain a constant dialogue on active and promote new areas of cooperation.

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