Uzbekistan, EBRD discuss new investment opportunities

The European Bank for Reconstruction and Development (EBRD) is significantly increasing its investment in Uzbekistan, with total investments surpassing €5 billion, including nearly €1 billion in 2024 alone. Recent discussions between EBRD President Odile Renaud-Basso and President Shavkat Mirziyoyev focused on enhancing cooperation, particularly in private sector development and initiatives aimed at women's and youth entrepreneurship. The EBRD has also welcomed new major investments into Korzinka, a leading food retailer in Uzbekistan, which are expected to modernize grocery retail standards and promote sustainability. Both sides reaffirmed their commitment to expanding joint projects in key sectors such as green economy and digitalization. The EBRD's ongoing support has been crucial for Uzbekistan's economic reforms and its role as the largest regional partner since 2018. Overall, the partnership is geared towards fostering sustainable growth and improving project implementation efficiency.