MANILA, Nov. 19 (Xinhua) -- The Asian Development Bank (ADB) on Tuesday said it has approved a policy-based loan of 250 million U.S. dollars to boost Uzbekistan's green, inclusive, and resilient economic growth.
The Accelerating the Climate Transition Program will support Uzbekistan in three reform areas: strengthening institutions and public financial management; enhancing climate resilience in water and land resources management, agriculture, and social protection systems; and accelerating the transition to a low-carbon economy in sectors such as transport and energy.
Being the ADB's first climate programmatic intervention in Central Asia, the program aligns with the updated nationally determined contribution, the Strategic Framework of Transitioning to a Green Economy until 2030.
"The program prioritizes decarbonization of the economy and resilience to disasters and climate change while supporting vulnerable populations," said ADB Director General for Central and West Asia Yevgeniy Zhukov. ■
