EBRD boosts investment in Uzbekistan with €1.1B pledge

Uzbek president’s office
Uzbek president’s office

The European Bank for Reconstruction and Development (EBRD) plans to invest another €1.1 billion in Uzbekistan this year, reinforcing its commitment to private sector growth and key infrastructure reforms.

The announcement was made during a meeting between President Shavkat Mirziyoyev and EBRD President Odile Renaud-Basso, ahead of the third session of the Foreign Investors Council. The EBRD reaffirmed its support for the successful implementation of Uzbekistan’s Partnership Strategy, particularly in the banking sector.

President Mirziyoyev outlined future collaboration priorities, such as upgrading the water supply system, boosting energy efficiency, expanding the mortgage market, enhancing infrastructure in free economic zones, and supporting small businesses and women entrepreneurs. He also emphasized stronger public–private partnerships in education and healthcare, and nurturing innovation through startup ecosystems focused on AI and digital transformation.

The two sides also discussed the strategic agenda for the upcoming Foreign Investors Council meeting, aiming to further deepen economic cooperation and attract foreign investment.

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