BAKU, Azerbaijan, June 29. Uzbekistan presented
a pipeline of 36 joint projects worth $2.8 billion during the 20th
Annual Meeting of the Eurasian Development Bank (EDB) in
Almaty.
This is stated in a statement published by the Uzbek Ministry of
Investment, Industry, and Trade, following a meeting between Deputy
Minister Teshabaev and EDB Management Board Chairman Nikolai
Podguzov.
During the EDB Management Board meeting, chaired by Kazakh Prime
Minister Olzhas Bektenov, participants approved the bank's annual
report and its 2027–2031 Development Strategy.
According to the ministry, the sides also discussed the
possibility of holding the Eurasian Development Bank's annual
meeting in Tashkent in 2027 and the nomination of an Uzbek
representative to chair the bank's Management Board.
According to Uzbekistan's Ministry of Investment, Industry and
Trade, the new strategy incorporates several priorities proposed by
Tashkent, including strengthening water and energy security,
expanding regional transport corridors, and promoting industrial
cooperation in line with the country's Uzbekistan-2030 development
strategy.
The proposed projects span the chemical, textile, light
manufacturing, and processing industries, as well as digital
infrastructure, healthcare, and tourism.
"Uzbekistan's priorities are increasingly reflected in the
bank's long-term development agenda, creating new opportunities to
finance projects that support regional connectivity and sustainable
economic growth," the ministry said.
Uzbekistan became a full shareholder of the Eurasian Development
Bank in 2025, expanding its access to regional development
financing as it seeks to accelerate industrial modernization,
infrastructure development, and cross-border economic
integration.
Meanwhile, the 20th Annual Meeting and Business Forum of the
Eurasian Development Bank (EDB) was held on June 25–26, 2026, in
Almaty, Kazakhstan. Dedicated to the bank’s 20th anniversary, the
forum themed "Eurasia 2030+: Investment, Growth and New
Opportunities" served as a central hub for international leaders to
explore regional economic integration and investment.
