EBRD to help reform Uzbekistan’s banking and financial sectors
On October 18, on the sidelines of the IMF/World Bank Annual Meeting, the Minister of Investments and Foreign Trade Sardor Umurzakov held talks with the President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti in Washington.

Photo: MIFT
The EBRD President, speaking about considerable intensification of cooperation with Uzbekistan, noted a substantial agenda on economic and structural policies and participation of the bank in reforming the energy, banking and financial sectors, developing the capital market, and creating a competitive environment in the economy of the country.
Special attention was paid to ongoing projects in the field of electric power industry and the modernization of regional infrastructure. During the meeting, progress was discussed, private issues were considered, and operational solutions were worked out.

The EBRD leadership also praised the measures taken by the Government of Uzbekistan to improve the banking sector, informing about successfully implemented technical assistance projects to develop the legal and institutional framework for managing state assets and promoting privatization processes.
The parties discussed the prospects of collaboration in infrastructure and housing sectors, including through public-private partnerships and direct lending.

At the meeting, the issue of Uzbekistan’s initiative to hold the annual meeting of the EBRD Governing Council in Samarkand in 2023 was separately discussed.
Following the meeting, specific areas were identified for further development of cooperation.
Recommended
List of streets and intersections being repaired in Tashkent published
SOCIETY | 19:12 / 16.05.2024
Uzbekistan's flag flies high on Oceania's tallest volcano
SOCIETY | 17:54 / 15.05.2024
New tariffs to be introduced in Tashkent public transport
SOCIETY | 14:55 / 05.05.2023
Onix and Tracker cars withdrawn from sale
BUSINESS | 10:20 / 05.05.2023
Latest news
-
Uzbekistan ranks fourth among CIS countries in mobile internet speed
SOCIETY | 19:10 / 25.07.2025
-
The Maldives – The Perfect Choice for a Halal-Friendly Holiday
SOCIETY | 19:00 / 25.07.2025
-
Tashkent hotel owner jailed for 8 years after deadly gas leak kills three, including two Russian citizens
SOCIETY | 18:29 / 25.07.2025
-
Uzbek national wanted for insulting the president extradited from Azerbaijan
SOCIETY | 18:26 / 25.07.2025
Related News

19:25 / 14.07.2025
Sardor Umurzakov appointed Presidential Advisor on Strategic Development

15:32 / 13.06.2025
EBRD to provide $250 million loan to Uzbekistan for irrigation system modernization

12:51 / 09.06.2025
EBRD President Odile Renaud-Basso to visit Uzbekistan

16:25 / 04.04.2025