MANILA, Aug. 27 (Xinhua) -- The Asian Development Bank (ADB) on Tuesday said it has launched a new country partnership strategy for Uzbekistan, spanning the period 2024 to 2028.
The ADB said the new five-year strategy aims to facilitate the central Asian nation's transition to a green economy, support private sector development and competitiveness and promote investments in human capital.
The new strategy envisages ADB interventions in various sectors, including energy, public sector management and governance, finance, transport, agriculture and natural resource management, and urban development. The bank will also support development in education and social protection.
The multilateral lender promises to strengthen macroeconomic and fiscal reforms and transform and prepare state-owned enterprises for privatization to support enabling conditions for the private sector's expanded role in the economy.
As Uzbekistan strives to achieve its human capital development targets by 2030, the ADB commits to enhancing the quality, inclusivity, and relevance of education and skills development across the nation, improving access to health and social services, and strengthening social protection for the most vulnerable. ■
