BAKU, Azerbaijan, October 7. Uzbekistan and the
Asian Development Bank (ADB) discussed expanding cooperation in
semiconductors, microelectronics and artificial intelligence, as
well as advancing digital transformation and private-sector
participation in infrastructure projects, during a meeting in
Tashkent on Oct. 6.
This was reflected in the statement by the Ministry of Economy
and Finance of Uzbekistan, following a meeting between Uzbek Deputy
Prime Minister and Minister of Economy and Finance Jamshid
Kuchkarov and Kanokpan Lao-Araya, Head of the ADB Resident Mission
in Uzbekistan.
ADB Country Operations Head in Uzbekistan Mirzo Iskandar
Gulamov, Senior Economist Sherzod Akbarov and other bank
representatives also attended the meeting.
The sides reviewed ways to expand mutually beneficial
cooperation, advance ongoing initiatives and develop prospective
joint projects, according to Uzbekistan’s Ministry of Economy and
Finance.
Particular attention was given to opportunities to develop
Uzbekistan’s semiconductor and microelectronics sectors and
strengthen the country’s innovation potential. The participants
discussed the potential use of international expertise and
technical assistance to support development in these areas.
“The parties also discussed the effective application of
artificial intelligence technologies in economic processes,
accelerating digital transformation, and expanding opportunities
offered by emerging technologies,” the ministry said.
In addition, the sides considered implementing infrastructure
and socioeconomic projects through public-private partnership
mechanisms and expanding private-sector participation.
The meeting concluded with both sides reaffirming the importance
of continuing practical cooperation and advancing mutually
beneficial initiatives in areas contributing to Uzbekistan’s
economic and technological development.
