Uzbekistan: Asian Development Bank Member Fact Sheet 2017

Abstract

Emboldened by a new development strategy, Uzbekistan is striving for inclusive economic growth through private sector development, economic liberalization, regional cooperation, and global integration. Since the country joined the Asian Development Bank (ADB) in 1995, ADB has approved more loans to Uzbekistan than to any other country in Central and West Asia. Uzbekistan has received 69 loans totaling $6.8 billion, including two private sector loans totaling $225 million, and $81.93 million in technical assistance grants. In February 2017, the Government of Uzbekistan adopted the Strategy of Actions on Further Development of Uzbekistan, a national development strategy for 2017–2021. The strategy outlines five priority areas for reform: (i) governance and public administration; (ii) rule of law and the judicial system; (iii) economic development and liberalization; (iv) social development; and (v) security, tolerance, and foreign policy.