Uzbekistan has taken a major step to accelerate economic reforms and infrastructure development through a new financing agreement with a leading international lender.

The deal was signed in Samarkand between the government of Uzbekistan and the Asian Development Bank (ADB) during a major global forum attended by thousands of participants, The Caspian Post reports via Podrobno.uz.

The agreement is expected to unlock substantial financial resources aimed at supporting key sectors of the economy, including infrastructure development, water supply modernization, and energy system upgrades.

The package will also help stimulate private sector growth and attract new investment, with a strong focus on public-private partnership projects and balanced regional development.

The signing took place during the 59th Annual Meeting of the ADB, which brought together policymakers, financial leaders, and development experts from around the world in Samarkand.

According to officials, the new agreement builds on long-standing cooperation between Uzbekistan and ADB, which has become one of the country’s largest development partners in recent years. The total portfolio of joint projects has already reached tens of billions of dollars.