Foreign Investment in Uzbekistan Surges to $4.4 Bn in 2025
The net influx of overseas capital into Uzbekistan reached a substantial $4.4 bn in 2025. According to a recently published report by the national Central Bank, this figure represents a 1.5-fold increase when compared to the previous year.
The financial regulator provided further context on the changing dynamics of these capital flows. In an official statement, the bank noted that the structure of foreign direct investment saw positive momentum across multiple areas.
Alongside a notable rise in net equity injections and an increase in borrowed funds from international backers, there was also a significant surge in the volume of reinvested earnings.
Portfolio Investments and Bond Markets
The nation also experienced robust growth in its portfolio investments. The net volume in this specific category expanded by 40% year-on-year, also hitting the $4.4 bn mark. This impressive upward trajectory was primarily fuelled by active engagement with international bond markets.
Breaking down the year’s bond activity, the Central Bank detailed several key financial manoeuvres on overseas platforms:
- The Uzbek government successfully executed three separate sovereign bond issues.
- The domestic banking sector accounted for seven distinct placements.
- Non-financial enterprises completed four debt issuances.
Furthermore, the country successfully fulfilled its financial obligations by fully settling two previous Eurobond releases.
Overall, the republic’s broader economic standing on the global stage has strengthened dramatically. The Central Bank concluded its report by highlighting that Uzbekistan’s net international investment position effectively doubled over the course of 2025 to reach a robust $19.1 bn.
