The Asian Development Bank (ADB) today approved a $100 million policy-based loan to support policy, regulatory, and institutional reforms needed to create an enabling environment for competitive financial markets in Uzbekistan.

“As Uzbekistan accelerates its transition toward a market economy, robust and competitive domestic financial markets are essential for mobilizing private investment,” said ADB Director General for Central and West Asia Yevgeniy Zhukov. “ADB will help develop financial markets in Uzbekistan and stimulate private investment—a key driver of economic growth and an important source of new jobs in the country.”