Shavkat Mirziyoyev and World Bank President Ajay Banga. Photo: Press service of the President of Uzbekistan
The joint project portfolio of Uzbekistan and the World Bank Group has neared $16 billion. This was reported by the press service of the Uzbek president following a meeting between Central Asian leader Shavkat Mirziyoyev and the head of the international financial institution, Ajay Banga, held on November 11 on the sidelines of the climate summit in Antalya, Turkey.
The parties discussed further expanding bilateral cooperation, including mobilizing private investment in infrastructure, privatizing state assets, and ensuring water security.
Key priorities also included executing programs for economic growth and job creation, preparing a new Country Partnership Framework, and advancing financing mechanisms for infrastructure projects.
Special focus was placed on preparations for the International Development Association (IDA) Mid-Term Review meeting scheduled for December in Tashkent. The IDA, an arm of the World Bank Group, provides concessional loans and grants to developing nations.
The official Uzbek statement did not specify which projects are included in the portfolio worth nearly $16 billion. No new financial agreements were announced following the meeting.
According to World Bank data as of October 5, 2026, its active program in Uzbekistan comprised 24 projects with total financing commitments of $5.4 billion. Concessional lending from the International Development Association accounted for more than 60% of that total.
ℹ️ Uzbekistan joined the World Bank Group institutions in 1992–1993. Since Shavkat Mirziyoyev came to power in 2016, the Bank has significantly expanded its financial and advisory support to the country. The joint portfolio stood at over $12 billion in September 2024 and approached $16 billion by November 2026, marking substantial growth in financing in just over two years.
