ADB Grants $250 Million Loan to Boost Uzbekistan's Green Economic Growth

The Asian Development Bank (ADB) has approved a $250 million policy-based loan to support the Government of Uzbekistan in strengthening institutional frameworks for climate transition, improving the integration of climate change adaptation priorities, and accelerating climate change mitigation actions, The Caspian Post reports citing foreign media.

The Accelerating the Climate Transition Program will support the Government of 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 transition to a low-carbon economy in sectors such as transport and energy.

Being ADB’s first climate programmatic intervention in Central Asia, the program is aligned with the updated nationally determined contribution, the Strategic Framework of Transitioning to a Green Economy until 2030, and ADB’s country partnership strategy for Uzbekistan, 2024–2028.