From 3 to 6 May 2026, Samarkand will host the 59th Annual Meeting of the Asian Development Bank (ADB). The event is expected to bring together heads of banking and financial institutions from 69 member countries, as well as representatives of international organizations. Discussions will focus on the key development challenges facing the countries of Asia and possible ways to address them.

The holding of such a high-level forum in Uzbekistan reflects the growing recognition of the country’s ongoing economic reforms and the strengthening of its position within the global financial system. A significant factor has also been the notable expansion of cooperation between Uzbekistan and the ADB in recent years, as evidenced by a number of objective international assessments of the country’s socio-economic development.

First, there has been a steady rise in Uzbekistan’s international standing and stronger performance in global rankings. In particular, in the Government Technology Maturity Index published by the World Bank, the country advanced by 71 positions, entering the world’s top ten.

Second, despite continuing disruptions in global production and transport-logistics chains, rising commodity prices, and tighter financial conditions, Uzbekistan continues to demonstrate устойчивый economic growth. In 2025, for the first time in the country’s history, gross domestic product exceeded USD 145 billion, while gold and foreign exchange reserves surpassed USD 60 billion.

At the same time, the volume of attracted foreign investment increased significantly, reaching USD 43.1 billion, while the share of investment in GDP exceeded 31 percent. Moreover, despite growing protectionism and sanctions pressure in the global trading system, the republic increased exports by 23 percent, bringing them to USD 33.4 billion.

Third, cooperation between Uzbekistan and the ADB is comprehensive and long-term in nature. The total portfolio of joint initiatives amounts to 174 projects worth USD 27.5 billion, of which 66 projects worth USD 10.5 billion have already been completed, while another 30 projects valued at USD 4.6 billion are currently under implementation. These figures confirm the ADB’s status as one of Uzbekistan’s leading development partners.

Building on accumulated experience, the ADB launched a new five-year partnership strategy with Uzbekistan in August 2024 for the period 2024–2028. Its key priorities include supporting the republic’s transition toward a green and inclusive economy, enhancing private sector competitiveness, and stimulating investment in human capital.

In addition, Uzbekistan and the ADB approved a Memorandum of Understanding for 2026–2028, which envisages the implementation of 28 projects with a total value of USD 4.2 billion.

The fact that the meeting is being held in Uzbekistan positions the country as a regional hub for dialogue on development and investment, demonstrates the progress of reforms, and contributes to attracting global partners to accelerate the country’s sustainable development. According to experts, the meeting will serve as an important platform for strengthening cooperation and concluding priority agreements between the Government of Uzbekistan and the ADB.

Furthermore, in order to consolidate long-term priorities, President of Uzbekistan Shavkat Mirziyoyev put forward an initiative to mark the Samarkand summit with the signing of an important document — the Expanded Strategic Partnership Programme with the ADB for 2027–2030. It will serve as a medium-term roadmap, with primary emphasis placed on human capital and social resilience.

Thus, cooperation between Uzbekistan and the ADB has evolved from financial assistance into a strategic partnership. Today, the Bank finances key projects, shapes the reform agenda, and supports the long-term transformation of the national economy, effectively acting as an institutional partner.

Such cooperation opens a number of significant advantages for Uzbekistan:

Economic – access to concessional loans and grants, reduced budgetary burden in implementing large-scale programmes, improvement of the investment climate and inflow of long-term foreign investment, infrastructure development, and employment growth;

Structural – acceleration of market reforms, liberalization and diversification of the economy, and private sector development;

Strategic – integration into the global economy, transition to a green growth model, and participation in regional value chains and transport-logistics corridors.

As can be seen, the modern ADB agenda largely coincides with Uzbekistan’s current reform trajectory. According to experts, the republic has synchronized its national strategy with the Bank’s priorities and, as a result, can attract even greater volumes of financing to accelerate structural reforms and strengthen economic resilience.

Overall, the key features of the modern model of cooperation between Uzbekistan and the ADB are: comprehensiveness (covering all major sectors), strategic orientation (alignment with the long-term goals of “Uzbekistan–2030”), institutional depth (reforms, regulation, standards), and sustainability (environmental protection and inclusiveness).

Thus, today the ADB is not merely a creditor, but a key strategic partner participating in structural reforms, economic modernization, and Uzbekistan’s integration into global economic processes.

Dmitriy Trostyanskiy

Chief Research Fellow,

Institute for Strategic and Regional Studies

under the President of the Republic of Uzbekistan,

Doctor of Economic Sciences