Eurasian Development Bank to invest up to $1.5 bln in Uzbekistan by 2031

TASHKENT. May 20 (Interfax) - The Eurasian Development Bank (EDB) plans to invest up to $1.5 billion in Uzbekistan's economy by 2031, Nikolai Podguzov, chairman of the EDB management board, said at the opening ceremony for the bank's representative office in Tashkent.

"We are launching our operations in Uzbekistan. For the near-term strategic period, the EDB plans to invest up to $1.5 billion in Uzbekistan by 2031, including about $800 million in projects with high integration potential. We have all the necessary tools: our Technical Assistance Fund, Digital Initiatives Fund, project expertise, and access to financing from Gulf and Asian countries," the EDB press office quoted him as saying.

"The bank has gained unique experience over the past two decades. Our total portfolio has reached $19.6 billion, and we have implemented 326 projects. Now we are ready to offer these opportunities to Uzbekistan," he said.

He said Uzbekistan, which joined the EDB in 2025, had become one of the region's most dynamic economies.

Our current pipeline of projects in Uzbekistan covers energy, logistics, and industry, and is fully aligned with the bank's strategy. The bank is already working on a number of projects and has signed the first agreements," Podguzov said.

The Eurasian Development Bank is an international development institution with $7 billion in charter capital. Its shareholders include Russia, Kazakhstan, Belarus, Armenia, Kyrgyzstan, and Tajikistan, with Uzbekistan currently finalizing its accession process.