TASHKENT, Uzbekistan, June 19. Vice President of the Asian Development Bank (ADB), Bhargav Dasgupta, held a high-level meeting with Uzbekistan’s Deputy Prime Minister and Minister of Economy and Finance, Jamshid Kuchkarov, Trend reports.
Additionally, in attendance at the assembly were ADB's Regional
Director for Private Sector Development, Enrico Pinali; the Head of
the ADB Representative Office in Tashkent, Kanokpan Lao-Araya;
Deputy Minister of Economy and Finance, Umid Abidkhadjayev; and the
Executive Director of the Mortgage Refinancing Company, Murod
Farmonov, alongside other pivotal stakeholders from both
parties.
Throughout the discussions, the stakeholders evaluated the
advancements of current collaborative initiatives and investigated
avenues to enhance their synergy in critical domains. Particular
emphasis was placed on the contemporary socio-economic landscape of
Uzbekistan and its strategic developmental imperatives moving
forward.
Both sides reaffirmed their mutual interest in supporting major infrastructure initiatives, which play a vital role in fostering sustainable growth. They underscored the importance of boosting the development of small and medium-sized enterprises (SMEs), particularly through the adoption of artificial intelligence technologies and the expansion of startup ecosystems.
The discussions also emphasized the need to enhance private sector engagement as a driving force for innovation and competitiveness. Ensuring macroeconomic stability—especially maintaining inflation at low and stable levels—was highlighted as a shared priority.
The stakeholders acknowledged the criticality of propelling
eco-centric transformation initiatives, encompassing the execution
of environmentally sustainable ventures and enhancing energy
optimization within public and social infrastructure
frameworks.
Expediting the deployment of public-private partnership (PPP)
initiatives, especially within the healthcare domain, has been
recognized as a pivotal focus for forthcoming synergistic
endeavors. The evolution of Uzbekistan’s mortgage sector was
underscored as a pivotal element within the overarching framework
of comprehensive economic restructuring initiatives.
Hydrological resource governance emerged as a focal point of
discourse, with stakeholders converging on the imperative to
amplify collaborative initiatives aimed at optimizing and
sustaining resource utilization. The assembly also deliberated on
the current privatization paradigm in Uzbekistan, with both
stakeholders articulating their preparedness to extend ongoing
facilitation.
At the culmination of the assembly, the stakeholders reiterated
their dedication to enhancing synergistic collaboration and
sustaining ongoing discourse across all delineated domains.
This convening signified yet another pivotal juncture in the
evolving synergy between Uzbekistan and the Asian Development Bank,
highlighting their collective aspiration for holistic and
sustainable advancement.
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