Uzbekistan, ADB discuss strengthening of technical co-operation | Eurasia Diary - ednews.net

19 February, Tuesday


Uzbekistan, ADB discuss strengthening of technical co-operation

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Uzbek Ministry of Finance held a meeting with representatives of the Asian Development Bank, headed by Werner Liepach, Director General for Central and West Asia, Trend reports via Uzbek media.

The meeting was devoted to further strengthening technical cooperation in such areas as a public-private partnership (PPP), energy, transport, agriculture and improving the public procurement system. Deputy Prime Minister – Uzbek Minister of Finance Jamshid Kuchkarov and senior officials discussed the priorities and partnership strategy for 2019-2023.

Liepach noted the importance of developing PPPs and welcomed the introduction of additional measures that would be useful to support investment projects, as well as the development of the newly created PPP Development Agency under the Ministry of Finance.

Recently, the ADB has increased its loan funds allocated to Uzbekistan, providing new loan commitments to the business plan of operations in the country (BIP) for 2018-2020. BIP fully supports the national development strategy of the country and reflects the updated development priorities of Uzbekistan. Uzbekistan is the country with the largest loan from ADB in the region in 2018 with a project portfolio of $2.9 billion.

Liepach also expressed interest in improving irrigation water supply. İn his turn, Uzbek Ministry of Finance, noted the importance of introducing drip irrigation for the development of this sphere.

During the negotiations, it was noted that in the near future, the bank will provide international experts for the provision of advisory support to the Ministry in the development of PPP and public procurement systems.

In conclusion, the parties also discussed other promising projects and how ADB technical assistance can be used to support reforms in the country.

TREND

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