BAKU, Azerbaijan, April 11. Asian Development Bank (ADB) and Uzbekistan plan to implement two new projects worth $130 million for the development of the country’s agriculture sector, Trend reports via Uzbekistan’s Ministry of Agriculture.
The matter was discussed between Uzbek Minister of Agriculture Aziz Voitov and Director of Environment, Natural Resources, and Agriculture, Central and West Asia Department in ADB Yasmin Siddiqi.
During the negotiations, the parties also touched upon the positive dynamics of three projects worth $347 million implemented by the bank in the agro-industrial sector of Uzbekistan.
Following the meeting, the parties agreed to strengthen cooperation to achieve sustainable development of Uzbekistan’s agricultural production system.
Furthermore, besides the agricultural sector of Uzbekistan, the bank also supports the country’s energy sector, in particular, increasing the deployment of renewables. Recently, ADB has approved a $64.5 million loan portfolio for Masdar’s construction of three large solar power plants with a total capacity of 900 MW in Uzbekistan’s Sherabad, Samarkand, and Jizzakh regions.