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Within his report on the issues concerning Uzbekistan’s success indicators and further priorities with regard to deeper socio-economic development, President Islam Karimov outlined the increase of cooperation in banking and financial operations as one of the most significant aims to be pursued for the year 2007.
Asian Development Bank has been noted and quoted quite a bit with respect to the cooperation with Uzbekistan and its largest financial institutions. Given the favorable investment climate and interoperable business environment created under the guidance and close proctoring from the government, the sides have gone a long way jointly establishing a substantial number of agreements that stimulate the enlargement of bilateral relations on such areas as the development of small and medium sized businesses, assistance in the further growth and reiteration of entrepreneurial movement in the country as well as the promotion of better infrastructure as well as other joint programs on education.
Within the framework of his four day visit to Uzbekistan, the ADB’s Vice President Liqun Jin pinpointed the essence of ADB’s cooperation with Uzbekistan, the key state of strategic significance for the Bank in the region. On the first days of his visit, Mr.Jin met with the Uzbek Minister of Foreign Economic Relations, Investment and Trade Elyor Ganiyev where the sides focused on the current state of affairs in bilateral relations between the Bank and Uzbekistan corresponding institutions as well as outlined essential directions of further collaboration in the future. Also, during his visit Mr. Jin met Deputy Prime Minister Rustam Azimov, ADB Governor for Uzbekistan Saidakhmad Rakhimov and other senior government officials.
Within the discussions mainly focused on the development results sought by the Government and prospects of mutual relations, the sides stressed the course of implementation of Uzbekistan’s reform and development agenda – particular success story, and ADB’s intention to further co-involve in the Government's outcomes achieved thanks to efforts to improve the welfare of the people of Uzbekistan.
“Uzbekistan is an important member of ADB,” said Mr. Jin. “Uzbekistan and ADB will enhance the cooperation aiming at sustaining country’s recent strong economic growth…”
Mr. Jin also undertook field visit to the project on railways modernization in Samarkand and met authorities of the Samarkand region to get a first-hand perspective on the impact of country’s infrastructure development. He highly estimated the scale of work being carried out on the site.
ADB’s Voce President’s visit also included his participation in the opening ceremony of the Round Table Meeting of the Arab Coordination Group, in Tashkent, Uzbekistan.
ADB has a good partnership with the Islamic Development Bank through its Central Asia Regional Economic Cooperation (CAREC) Program. It seeks to further enhance its cooperation with Arab financial institutions involved in development assistance to ADB’s developing member countries and the round table in Uzbekistan serves as a good platform for strengthening such partnership, experts maintain.
Bobur Kommilov
"Uzbekistan Today"
Posted July 5th, 2007 by mohammad
