ADB to allocate $150 mln a year to Uzbekistan in 2004-2006
Interfax
October 16The Asian Development Bank board on Tuesday approved a new loan program for Uzbekistan in 2004-2006 that would see loans of from $100 million to $150 million a year, ADB said in a press release.
The financing program is especially aimed at stimulating economic growth in the country by increasing productivity in agriculture, and at state management reforms and business support.
The program includes three regional infrastructure projects involving railroad restoration, gas transportation and electricity transmission line upgrading.
The loans will be in addition to a technical project aid program, which will total $1.9 million in 2004.
The full loan sum will depend on the progress of reforms carried out by the government.