Odile Renaud-Basso and Shavkat Mirziyoyev. Photo: Press Service of the President of Uzbekistan
The European Bank for Reconstruction and Development (EBRD) currently holds an investment portfolio in Uzbekistan worth more than $5.5 billion. However, both sides intend to increase that figure by an additional $1.1 billion by the end of the year, bringing the total to $6.6 billion. The plan was discussed during a meeting between Uzbek President Shavkat Mirziyoyev and EBRD President Odile Renaud-Basso, according to the presidential press service.
The meeting in Tashkent took place ahead of the third session of the Foreign Investors Council. Talks focused on further expanding the strategic partnership between Uzbekistan and the influential financial institution.
A substantial portion of upcoming joint investment projects will be directed toward supporting the private sector. President Mirziyoyev emphasized the EBRD’s active role in backing the country’s ongoing banking reforms.
He also outlined key areas for future cooperation, including:
✅ Technological modernization of the water supply system
✅ Promotion of energy efficiency programs
✅ Development of the mortgage market
✅ Expansion of free economic zone infrastructure
✅ Strengthening small and medium-sized enterprises
✅ Support for women’s entrepreneurship
Special attention was given to advancing public-private partnership projects in education and healthcare, as well as backing startups focused on artificial intelligence and digital transformation.
