EBRD Board of Directors Visits Uzbekistan, Strengthens Ties

Tashkent, Uzbekistan (UzDaily.com) — From 1 to 6 March 2026, a delegation of the European Bank for Reconstruction and Development (EBRD) Board of Directors visited Uzbekistan, reaffirming the Bank’s strong partnership with the country and commitment to supporting sustainable, inclusive, and competitive economic growth.

The delegation included directors and alternate directors representing EBRD shareholders from Europe, North America, and Asia, including Liliana de Sá Kirchknopf (Switzerland, Ukraine, Liechtenstein, Turkmenistan, Serbia, Montenegro, Uzbekistan), Vanessa MacDougall (UK), Magnus Ristedt (Sweden, Iceland, Estonia), Maria Shaw-Barragan (European Investment Bank), Piotr Szpunar (Poland, Bulgaria, Albania), Marco Zanni (Italy), among others.

During the visit, the Board held meetings in Tashkent and Samarkand with Uzbek authorities, including the EBRD Governor for Uzbekistan Jamshid Khodjaev, representatives of the central bank, international financial institutions, the diplomatic corps, and key corporate clients in banking, renewable energy, and industry. Consultations also involved civil society representatives.

Discussions focused on Uzbekistan’s economic outlook, reform priorities, and investment opportunities. Particular attention was given to strengthening the private sector, enhancing competitiveness, and supporting the country’s ongoing reform program. Engagement with corporate clients highlighted how EBRD projects drive productivity, innovation, and sectoral development.

The visit underscored EBRD’s long-term commitment to Uzbekistan through political dialogue, investment, and advisory support, reinforcing its role as a partner in the country’s economic transformation. Since its operations began in Uzbekistan, EBRD has invested over €5.8 billion across more than 200 projects, fostering private sector growth, green energy, efficient resource use, and regional and international cooperation.