ALMATY, Kazakhstan, December 18. The Eurasian
Development Bank (EDB) plans to invest between $300 million and
$500 million in Uzbekistan’s economy in 2026, EDB Deputy Management
Board Chairman Yaroslav Mandron said at a press conference on the
results of 2025 in Almaty, Trend reports.
He added that the pipeline of projects in Uzbekistan through
2028 is valued at $1.5 billion. Mandron noted that the EDB could
serve as a conduit for Uzbek exports to Commonwealth of Independent
States (CIS) countries, offering investors certain guarantees.
“Through the EDB, Uzbekistan has the potential to increase
exports to CIS countries by 20% or more,” he emphasized.
Earlier, President of Uzbekistan Shavkat Mirziyoyev signed a law
ratifying the country’s accession to the Agreement Establishing the
Eurasian Development Bank (EDB), making Uzbekistan the Bank’s
seventh member and its third-largest shareholder with a 10%
stake.
The EDB, a multilateral development bank, aims to foster
economic growth, expand trade and economic ties among member
states, and promote regional integration through investment
activities. Its seven member countries include Armenia, Belarus,
Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan.
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