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“ADB firmly supports Uzbekistan’s continued prioritization of structural reforms while boosting private sector engagement in the economy,” said Mr. Asakawa on his first visit to Uzbekistan as ADB President. “We’re committed to bringing the private sector to the frontline of economic development. In addition to financial resources, we will continue supporting reforms and helping state-owned enterprises in strategic sectors including banking, energy, and water supply.”Source: ADBUzbekistan is aiming to transfer 20% of public services to the private sector and expand the share of the private sector in its gross domestic product to 80% by 2026. ADB is active in the financial, infrastructure, and agribusiness sectors of Uzbekistan’s private sector.Uzbekistan is ADB’s largest client for public–private partnership (PPP) transaction advisory support. The bank has successfully closed three transaction advisory mandates in renewable energy, water and wastewater, and district he
Private sector development remains critical to ongoing reforms in Uzbekistan and the Asian Development Bank will continue to help the country strengthen its private sector as it pursues inclusive and sustainable growth.