Uzbekistan and the EBRD have identified several key priorities for collaboration, including the green economy, decarbonization, digitalization, artificial intelligence, and the development of the mortgage market and transportation communications. This topic was addressed during a meeting between Uzbekistan's President Shavkat Mirziyoyev and the head of the international bank, Odile Renaud-Basso.

Source: Central Asia Climate Portal

The business agenda for the first Central Asia-European Union summit kicked off on April 3 with this significant meeting, where they discussed enhancing cooperation between Uzbekistan and the European Bank for Reconstruction and Development (EBRD).

It was highlighted that the portfolio of collaborative projects in priority sectors continues to grow steadily. The EBRD's total investment in Uzbekistan has surpassed 5 billion euros, with approximately 1 billion euros invested by the end of last year. A significant portion of this financial support is directed towards the private sector.

With EBRD's expert assistance, the banking sector is undergoing transformation, and new business opportunities are being created.

During their discussions, they acknowledged the results of their joint efforts to enhance project quality and efficiency. The need for optimizing procedures and expediting project preparation was emphasized.

Key areas for expanding cooperation were identified, including the development of small and medium-sized enterprises, support for women and youth entrepreneurship, and the enhancement of public-private partnerships, particularly in education, water supply, and waste recycling.

Additionally, they exchanged insights regarding the planning and organization of the Tashkent International Investment Forum and the upcoming meeting of the Foreign Investors Council scheduled for June this year.