Wednesday, Sep 18 2024 | Time 23:23 Hrs(IST)
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World


ADB approves 400 mln USD loan to Uzbekistan

Manila, July 31(UNI) The Asian Development Bank (ADB) said Wednesday that it has approved two policy-based loans totaling 400 million U.S. dollars to support Uzbekistan's initiatives to enhance its financial markets and develop a sustainable, market-led power sector.
A loan of 300 million dollars for subprogram 2 of the Power Sector Reform Program provides budget support for policy actions to improve the power sector's structure, legal and regulatory framework, and governance to encourage private sector investment and promote financial sustainability.
A loan of 100 million dollars for subprogram 2 of the Financial Markets Development Program supports regulatory and institutional reforms on improving market facilitation to streamline financial transactions and services as well as increasing supply and demand measures to grow Uzbekistan's capital and money markets.
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Islamic Jihad member killed in Israeli airstrike on Lebanon

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Pakistan Customs seize 15,000 mobile phones smuggled from China in truck

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18 Sep 2024 | 3:59 PM

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