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Uzbekistan secures 500 million USD loan to fight coronavirus

Christian Fernsby ▼ | June 26, 2020
Asian Development Bank (ADB) has approved a 500 million U.S. dollar budget support loan to help Uzbekistan mitigate the adverse health and economic impacts of the coronavirus pandemic, Uzbek Finance Ministry said.
Uzbekistan street
ADB   Uzbekistan street
The loan provides vital support to the government's budget and a comprehensive COVID-19 pandemic response plan, it said.

Topics: Uzbekistan

The plan includes strengthening the readiness of the country's health care system, supporting initiatives to help businesses affected by the downturn, minimizing job losses, and helping to expand existing social protection systems.

ADB conducted an analysis of the macroeconomic situation in the country, including the risks of servicing public debt and estimated that the state debt of the republic is at a stable level with low risks, according to the ministry.

Uzbekistan has registered 7,087 confirmed coronavirus cases so far, with 20 deaths and 4,775 recoveries.