Uzbekistan May Join Eurasian Stabilization Fund

Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan may become a participant in the Eurasian Stabilization and Development Fund (ESDF), following a meeting last week between Deputy Prime Minister Jamshed Khodjaev and ESDF Managing Director Andrey Shirokov during the fund’s delegation visit to Tashkent.

Khodjaev expressed his gratitude to Shirokov for his personal contribution to developing cooperation with Uzbekistan and emphasized the importance of strengthening bilateral ties in finance and expertise.

Established in 2009, the ESDF has operated as an independent financial organization since 2024. Its primary mission is to support economic and financial stability among member states and promote sustainable development. The fund’s total capital amounts to US$9.8 billion, of which over US$7 billion has already been allocated through loans and grants.

During the meeting, potential options for Uzbekistan’s participation in the fund were discussed. Upon completion of the accession procedures, a Cooperation Program through 2031 is expected to be developed, outlining priority projects in social development, transport, energy, agriculture and water management, as well as improving public administration efficiency.

Preliminary estimates suggest that potential funding available for Uzbekistan could range from US$650 million to US$1.5 billion. Expert-analytical support from the fund will also be valuable for the implementation of projects in the country.

Khodjaev concluded the meeting by inviting Shirokov to participate in the Tashkent International Investment Forum, scheduled to take place in the capital from 16 to 19 June 2026.