ADB issuing Uzbekistan $164 mln for health, education & agriculture

Interfax November 3 President of Asian Development Bank (ADB) Tadao Chino and Uzbek Deputy-Prime Minister and Economics Minister Rustam Azimov signed four agreements on Tuesday concerning credits totaling $164.2 million for health, education and agriculture needs. The ADB offices in Uzbekistan told Interfax that $40 million will go to maternal and child health, $26 million to support grain-growing, $73.2 million to overhauling the Amu Zang irrigation system and $25 million to developing the publishing of textbooks for public schools. The loan monies are to be extended for 25 years, including a five- year grace period, at the ADB's standard easy rate tied to LIBOR.