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Uzbek President and EBRD Head Express Satisfaction with Partnership Level

01.05.2024

On May 1, on the eve of the Tashkent International Investment Forum and the second meeting of the Foreign Investors Council, the President of the Republic of Uzbekistan Shavkat Mirziyoyev received a delegation from the European Bank for Reconstruction and Development headed by its President Odile Renaud-Basso.

The highest level of partnership and fruitful cooperation between Uzbekistan and the European Bank for Reconstruction and Development (EBRD) achieved in recent years is deeply appreciated.

To date, the Bank's project portfolio in our country exceeds EUR 4.4 billion. The private sector share of these projects has reached 70%.

A new Partnership Strategy between Uzbekistan and the EBRD has been adopted to expand the scope and scale of cooperation, particularly in areas such as small and medium-sized businesses, women's entrepreneurship, alternative energy, digital technologies and others.

Measures are being implemented with the active support and direct involvement of the Bank to prepare state-owned enterprises for privatization, important deals have been concluded in the banking and financial sector, and the regulatory framework is being improved in the areas of green energy, transport infrastructure, ecology and other priority areas.

The Head of state stressed the importance of rapid preparation and implementation of new projects in the field of water supply, energy, road infrastructure, and the development of "green" cities.

There was also an exchange of views on the agenda of the upcoming meeting of the Foreign Investors Council.

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