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    Uzbekistan

    Uzbekistan to host 59th ADB Annual Meeting in Samarkand for second time

    Uzbekistan to host 59th ADB Annual Meeting in Samarkand for second time

    Uzbekistan is set to host the 59th Annual Meeting of the Asian Development Bank (ADB) from May 3 to May 6, 2026. The prestigious event will take place in Samarkand, one of the world’s oldest continuously inhabited cities, known for its rich history and cultural significance.

    Source: Google Images
    Source: Google Images

     

    This marks the second time Uzbekistan has hosted the ADB Annual Meeting, following the successful 43rd Annual Meeting held in Tashkent in 2010. The Annual Meeting provides a critical platform for ADB’s 69 member countries to discuss pressing development challenges facing Asia and the Pacific.

    The event will bring together several thousand participants, including finance ministers, central bank governors, senior government officials, members of the private sector, international organizations, civil society representatives, and the media.

    “I am confident that the 2026 Annual Meeting will offer us an inspiring venue for dialogue and foster stronger partnerships, providing an opportunity to highlight the many unique facets of the region,” ADB President Masato Kanda stated. 
    Source: Google Images
    Source: Google Images

     

    ADB in Uzbekistan

    As one of Uzbekistan’s largest development partners, ADB has committed over $5.41bn in financing to the country over the past five years. ADB’s support is focused on helping Uzbekistan transition to a green economy, enhance private sector development, improve competitiveness, and invest in human capital.

    As of December 31, 2024, the Asian Development Bank (ADB) has committed $13.4bn to Uzbekistan through 267 public sector loans, grants, guarantees, and technical assistance. The current sovereign portfolio in Uzbekistan includes 34 loans, 1 grant, and 2 sovereign guarantees, totaling $4.88bn.

    In 2024, ADB committed $1.05bn to five new public sector projects, focusing on climate transition, energy efficiency, financial markets, private sector development, and healthcare improvements. Notably, ADB provided its first climate policy-based loan of $250mn to support Uzbekistan’s climate transition, strengthen institutional frameworks, and accelerate mitigation actions. Additionally, a $100mn loan was approved for the Integrated Perinatal Care Project, aimed at improving perinatal health services and upgrading medical equipment across 230 perinatal centers.

    Founded in 1966, ADB is a leading multilateral development bank that works across Asia and the Pacific to promote inclusive, resilient, and sustainable growth. By collaborating with its members and partners, ADB tackles complex challenges using innovative financial tools and strategic partnerships to improve lives, develop quality infrastructure, and protect the environment.

     

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    8 May, 11:26   Comments (0)   440
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