WORLD
In 2021, the EBRD invested about $700 million in Uzbekistan
Baku, February 5, AZERTAC
Deputy Prime Minister - Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov held virtual talks with President of the European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso, according to UZA.
According to Uzbekistan MIFT, the parties discussed the current state and promising areas for deepening mutually beneficial cooperation between Uzbekistan and the EBRD, taking into account the implementation of new projects aimed at stimulating socio-economic development and supporting the private sector in the country.
It was noted that for the second year in a row Uzbekistan has become the bank’s largest partner in the Central Asia in terms of funds raised: in 2021, the EBRD invested about $700 million in the country as part of the implementation of 22 investment projects in the alternative energy, infrastructure development and support for small and medium business. Last year, Uzbekistan entered the top 5 countries in terms of the volume of EBRD investments.
As of today, the portfolio of projects supported by the EBRD includes 11 projects worth 838 million euros. The sides discussed measures to accelerate the implementation of these projects and outlined expected results regarding specific deadlines.
The parties expressed mutual commitment to further development and expansion of the partnership.