Eurasian Development Bank Plans $500M Investments in Uzbekistan Economy

Deputy Chairman of the EDB Management Board Yaroslav Mandron said at a press conference in Almaty reviewing the bank’s 2025 performance. Photo: EDB

The Eurasian Development Bank (EDB) plans to invest between $300 mln and $500 mln in Uzbekistan’s economy in 2026, Deputy Chairman of the EDB Management Board Yaroslav Mandron said at a press conference in Almaty reviewing the bank’s 2025 performance.

Mandron noted that the bank’s project pipeline in Uzbekistan through 2028 is estimated at $1.5 bn. He added that the EDB could act as a channel to boost Uzbek exports to Commonwealth of Independent States (CIS) countries by providing investors with certain guarantees.

«Through the EDB, Uzbekistan has the potential to increase exports to CIS countries by 20% or more,» he said.

Earlier, President Shavkat Mirziyoyev signed a law ratifying Uzbekistan’s accession to the Agreement Establishing the EDB, making the country the bank’s seventh member and its third-largest shareholder with a 10% stake.

The EDB is a multilateral development institution focused on supporting economic growth, expanding trade and economic cooperation, and promoting regional integration among its member states.

Kursiv Uzbekistan also reports that the EDB plans investments of up to $150 mln in industrial and infrastructure projects, including Almalyk plant and Bukhara airport.