ADB Approves $400 Million for Supporting Reforms in Uzbekistan's Energy and Financial Sectors

Economy

The Asian Development Bank (ADB) has approved two loans totaling $400 million to support Uzbekistan's initiatives for strengthening its financial markets and developing a sustainable energy sector.

ADB Approves $400 Million for Supporting Reforms in Uzbekistan's Energy and Financial Sectors
The first loan of $300 million will provide budgetary support for implementing energy sector policies aimed at improving the sector’s structure, legal and regulatory framework, and management. This program is designed to promote private sector investments and financial stability while addressing carbon emissions and enhancing energy efficiency. Initiatives include developing the electricity market, establishing an independent energy regulator, and increasing the use of renewable energy sources.

The second loan of $100 million will support regulatory and institutional reforms to improve market conditions for optimizing financial transactions and services. Key initiatives include delegating capital market regulation to a specialized regulator, publishing comprehensive market data online, and enacting a law to support green and social bond issuance.

Uzbekistan joined ADB in 1995 and has since received loans, grants, and technical assistance totaling $12.5 billion.

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