BAKU, Azerbaijan, December 31. Looking ahead to
2026, priorities of the European Investment Bank (EIB) in Central
Asia include launching the regional office in Tashkent, and scaling
up project development in priority sectors, EIB Head of Division
for the region Edvardas Bumsteinas told Trend.
"Our primary conclusion is that Central Asia is increasingly
becoming a strategic region, not only for its own development but
also for the European Union, especially in the areas of
connectivity, energy security, and climate objectives," Bumsteinas
remarked.
He emphasized the critical role of local presence and blended
finance in achieving these goals. "The establishment of the EIB’s
regional representation in Tashkent will enable the EU, through its
bank, to expedite project preparation, respond more efficiently to
the specific needs of each country, and strengthen its cooperation
with governments, public institutions, and the private sector," he
explained.
Bumsteinas outlined the key priorities of the organization for
2026, including the continued focus on sustainable transport and
digital connectivity initiatives. "The EIB will also maintain its
support for renewable energy, climate resilience, and environmental
projects, including significant hydropower initiatives and ongoing
efforts for the restoration of the Aral Sea," he added.
