ADB Signs Loan Agreement for Skills Development Project in Uzbekistan
The Asian Development Bank (ADB) and the Government of Uzbekistan signed the loan agreement for a $93 million loan approved by the bank in December, to help improve skills development for young people and unemployed job seekers in the country.

Minister of Finance of Uzbekistan Temur Ishmetov and ADB Country Director for Uzbekistan Cindy Malvicini signed the agreement in Tashkent.

“Uzbekistan has been prioritizing human capital development to ensure its people have the skills necessary to thrive in the modern Uzbek economy,” said Ms. Malvicini. “We are pleased to formalize this loan which will support the government’s effort to meet this ambitious goal, boost employment, improve competitiveness, and ultimately increase inclusive growth in Uzbekistan.”