Uzbekistan and the Asian Development Bank (ADB) reached an agreement on identifying areas of cooperation to improve the country's insolvency system.
The discussion took place on October 28, 2026, in Tashkent between the Deputy Minister of Justice of Uzbekistan, N. Mukhammadiyev, Director of the Agency for Insolvency Affairs, and representatives of the ADB.
The parties reviewed the results of the diagnostic study of Uzbekistan's insolvency system, the main problems identified during the assessment, as well as the necessary measures for the next stage of work.
Particular attention was paid to integrating the findings and recommendations of international and foreign experts into the process of developing and improving legislation regulating insolvency issues.
Following the meeting, the parties agreed to prepare a joint action plan that will define priority areas for further interaction with the ADB, specific steps, and their implementation timelines.
It is expected that this plan will help organize further efforts to develop Uzbekistan's insolvency system in accordance with international standards and expert conclusions. This meeting marked another stage in the partnership between Uzbekistan and the ADB to improve the legal framework and develop insolvency regulation mechanisms.
