TASHKENT, Uzbekistan, May 28. Uzbekistan and
the Eurasian Development Bank (EDB) have signed a memorandum of
cooperation aimed at supporting exports, product certification, and
the development of non-financial support instruments for local
businesses, Trend
reports via the bank.
The agreement was signed between the EDB and Uzbekistan's
Ministry of Investments, Industry and Trade and provides for the
use of the bank's Technical Assistance Fund to help domestic
producers meet international standards and expand access to foreign
markets.
The parties agreed to cooperate on developing export
infrastructure, introducing certification and standardization
systems, and training specialists to strengthen the export
potential of Uzbek companies.
The memorandum was signed during the official opening of the
EDB's representative office in Uzbekistan.
For reference, the Eurasian Development Bank is a multilateral
development institution established in 2006 to finance
infrastructure, industry, energy, and integration projects across
Eurasia. Uzbekistan became the bank's seventh member in 2025 with a
10% capital share, making it the EDB's third-largest shareholder
after Russia and Kazakhstan.
In May 2026, the bank opened its representative office in
Tashkent and announced plans to invest up to $1.5 billion in
Uzbekistan by 2031, focusing on energy, transport, logistics,
industry, digital technologies, and water management.
