Uzbekistan and ADB

ADB’s partnership with Uzbekistan supports reforms that are helping the country transition into a green, inclusive, and market-driven economy.

Economic forecasts for Uzbekistan

Figures are based on the latest edition of ADB's Asian Development Outlook, which analyzes economic and development issues in Asia and the Pacific. This includes forecasting the inflation and gross domestic product growth rates of economies throughout the region.


 

Comparative economic forecasts

The latest available economic data for Uzbekistan compared to countries in Caucasus and Central Asia.


 

Policy Challenge—Green Development Policy

A green development policy is critical for accelerating a transition to a green economy. In its nationally determined contributions to 2030, Uzbekistan aims to generate at least 30.0% of its electricity from renewable sources and cut greenhouse gas emissions by 35.0% per unit of GDP from 2010 levels. According to Our World in Data, as of 2020, Uzbekistan’s total emissions were 184.15 million tons of carbon dioxide equivalent, or 0.39% of global emissions, ranking the country 42nd out of 198 countries. Emissions per million dollars of GDP were 3,074 million tons, 23rd highest of 198 countries.

The government has adopted a Strategic Framework for Transitioning to a Green Economy. The framework reflects its national commitments to the Paris Agreement and its national development strategy 2030. The government has set up the Ministry of Ecology, Environmental Protection, and Climate Change to govern climate issues. Green transitioning and fulfilling national climate commitments warrant a consolidated green development policy with cross-sectoral coordination and public participation. Uzbekistan is progressing toward diversifying its electricity generation with renewable sources and greening its public finance management.

Green development policy is fragmented among various ministries and agencies, risking inefficiency in pursuing a green economy. The Ministry of Energy and the Ministry of Investment, Industry, and Trade both lead policy on expanding electricity generation with renewable sources, for example, while the Ministry of Economy and Finance sets strategic directions for transitioning to a green economy and oversees the adoption of green practices in public finance management. Green development policy, however, requires an institution with a mandate to coordinate and monitor the work of different ministries.

Institutionalizing a climate policy council could provide a solution. Ideally, the Cabinet of Ministers or a similarly high-ranking government institution should lead such a council, with representatives from line ministries, the private sector, civil society organizations, and think tanks. The council’s coordinating activities could include the following: (i) adapting the service sector to climate change, (ii) training specialists with green skills to ensure labor productivity and competitiveness in a future green economy, (iii) revising and harmonizing technical regulations and standards for industrial goods with international and regional green standards and practices, (iv) adapting public transport infrastructure to electric-powered mobility and other decarbonized modes of logistics, (vi) providing transboundary management of regional public goods such as water resources due to climate change, and (vii) adapting the healthcare system to increasingly frequent heatwaves.

More resources

Asian Development Bank and Uzbekistan: Fact Sheet

Asian Development Bank and Uzbekistan: Fact Sheet

The Fact Sheets summarize ADB's partnerships with member economies, providing key facts and figures and an overview of activities and future directions.

Asian Development Outlook (ADO) April 2024

Asian Development Outlook

The Asian Development Outlook analyzes economic and development issues in developing countries in Asia.

Key Indicators for Asia and the Pacific 2023

Key Indicators

The Key Indicators for Asia and the Pacific publication presents data regarding the economic, financial, social, and environmental situations in a broad range of countries across the region.

Basic Statistics 2024

Basic Statistics

The Basic Statistics brochure presents data on selected social, economic, and SDG indicators such as population, poverty, annual growth rate of gross domestic product, inflation, and government finance for economies in Asia and the Pacific.