The Eurasian Development Bank (EDB) has officially opened its representative office in Uzbekistan.
The opening of the representative office in Tashkent was a logical step following Uzbekistan’s accession to the EDB in 2025. The Bank is now commencing full‑scale investment operations in the country.
Nikolai Podguzov, Chairman of the EDB Management Board, stated: “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 $19.6 billion, and we have implemented 326 projects. Now we are ready to offer these opportunities to Uzbekistan. For the next strategic cycle, the EDB plans to invest up to $1.5 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.
As part of the events marking the opening of the EDB’s representative office in Tashkent, workshops were organized 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.
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.
