President Shavkat Mirziyoyev met Odile Renaud-Basso, president of the European Bank for Reconstruction and Development (EBRD), on the sidelines of the COP31 summit to discuss expanding strategic partnership with the lender, according to a report on the president’s website.
The sides set priority areas of cooperation for next year: modernizing electricity infrastructure, developing agriculture and food sectors, carrying out privatization in banking, launching the Tashkent International Financial Center and advancing public-private partnership projects.
They also discussed preparations for the next meeting of the Foreign Investors Council in 2027.
The bank’s contribution to developing the “green economy” was highly praised during the talks. Nearly 60% of its investment in the country goes to projects in this area.
Background: Uzbekistan has been the EBRD’s largest financial partner in the region for six years. The project portfolio exceeds $7 billion, and in 2025 the volume of operations topped $1 billion for the first time.
