EDB Launches Investment Projects in Uzbekistan
Published
The Eurasian Development Bank (EDB) has started developing investment projects in Uzbekistan, according to the bank’s Chairman of the Management Board, Nikolay Podguzov.
«EDB will support Uzbekistan in its efforts to grow rapidly and sustainably, and to improve the well-being of its citizens,» Podguzov said.
The bank plans to finance its first projects in Uzbekistan within this year.
In April, President Shavkat Mirziyoyev signed a law formalising Uzbekistan’s accession to the EDB. The country will hold a 10% stake in the institution. According to the EDB, Uzbekistan’s membership will unlock new opportunities for the development of its transport, energy, and other key sectors.
