EDB Opens Representative Office in Uzbekistan, Plans to Invest up to $1.5 Billion by 2031

Tashkent, 18 May 2026 - The Eurasian Development Bank (EDB) officially opened its representative office in the Republic of Uzbekistan. The ceremony took place as part of the EDB Day event in Tashkent.

The opening of the representative office was a logical step following Uzbekistan's accession to the EDB in 2025. All necessary procedures have been completed with the support of the Government of the Republic. The Bank is now commencing full-scale investment operations in the country.

Nikolai Podguzov, Chairman of the EDB Management Board:

"In the year of the EDB's 20th anniversary, we are starting our work in Uzbekistan - one of the most dynamic economies in the region. Over two decades, the Bank has accumulated unique experience and expertise. Our cumulative portfolio has reached 19.6billion,andwehaveimplemented326projects.NowwearereadytooffertheseopportunitiestoUzbekistan.Forthenextstrategiccycle,theEDBplanstoinvestupto19.6billion,andwehaveimplemented326projects.NowwearereadytooffertheseopportunitiestoUzbekistan.Forthenextstrategiccycle,theEDBplanstoinvestupto1.5 billion in Uzbekistan by 2031, including about $800 million in projects with high integration potential. We have all the necessary tools: the Technical Assistance Fund, the Digital Initiatives Fund, project expertise and access to capital from the Gulf and Asia."

According to Podguzov, the current project pipeline covers energy, logistics and industry - and fully aligns with the Bank's strategy. The Bank is already working on a number of projects and signed its first agreements during the opening ceremony. Details of the signed documents will be disclosed in separate releases.

As part of the events marking the opening of the EDB's representative office in Tashkent, workshops were organised by the EDB Academy.

Educational activities are an integral part of the work of multilateral development banks. According to an EDB report on MDB educational initiatives, development banks establish their own academies, institutes and knowledge platforms to transfer experience, disseminate best practices and standards among member states, and reduce project risks. The EDB Academy operates precisely in this way - systematically and on an ongoing basis.

Evgeny Vinokurov, Deputy Chairman of the Management Board - Chief Economist of the EDB:

"Our task is to help journalists and the wider public better understand how multilateral development banks work, what tools they offer and how these opportunities can be used in the interests of Uzbekistan. The deeper the understanding, the more effective the dialogue and the more high-quality projects we will be able to implement together."

The opening of the EDB's representative office in Tashkent will allow the Bank to support investment projects more efficiently, strengthen cooperation with government bodies and businesses, and more actively attract international investors to Uzbekistan's economy.

Additional Information:

The Eurasian Development Bank (EDB) is a multilateral development bank investing in Eurasia. For 20 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries. By the end of December 2025, the EDB's cumulative portfolio comprised 326 projects with a total investment of US $19,6 billion. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing and mechanical engineering. The Bank adheres to the UN Sustainable Development Goals and ESG principles in its operations.

The EDB is implementing three mega-projects as part of its 2022-2026 Strategy: the Eurasian Transport Network, the Eurasian Agricultural Goods Distribution System and the Central Asian Water and Energy Complex.

The EDB Media Centre:

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