President of Uzbekistan receives head of ADB

President of Uzbekistan Islam Karimov received President of the Asian Development Bank Haruhiko Kuroda at Oqsaroy residence in Tashkent on 16 February.

Welcoming the head of ADB, President Karimov said that Uzbekistan was actively cooperating with many international financial institutions, and that ties with ADB were especially important for the country.

Being a long-time reliable partner of Uzbekistan, the ADB, jointly with Uzbek specialists, continuously develops and implements the strategy of cooperation in many sectors of the country’s economy.

The 43rd Annual meeting of the ADB, scheduled for 1-4 May in Tashkent, will be the first such forum in Central Asia, which demonstrates the acknowledgement of the effectiveness of the Uzbek model of reforms by the international community.

Since 1995, when Uzbekistan became a full-fledged member of the ADB, the country has received credit resources worth over USD 1.2 billion, which were used for implementation of strategically important projects in transport infrastructure, energy, agriculture, education, small business and other areas.

Today, the ADB tops the list of international financial organizations cooperating with Uzbekistan in terms of the volume of the provided credits.

At the negotiations at Oqsaroy residence, Haruhiko Kuroda affirmed the ADB’s intent to expand the scale of cooperation with Uzbekistan in various sectors of economy.

Islam Karimov and Haruhiko Kuroda discussed issues of further strengthening of cooperation between Uzbekistan and the ADB, as well as other topic representing mutual interest.