The key facts
- The portfolio of joint projects with the Green Climate Fund has exceeded 200 million dollars
- The EBRD has been Uzbekistan's largest financial partner in the region for six years in a row, with a portfolio of over 7 billion dollars
- About 60% of the EBRD's investments in the country are directed to the green economy
Meetings on the sidelines of the climate summit
President of Uzbekistan Shavkat Mirziyoyev, taking part in the COP31 summit in Antalya, held meetings with the Executive Director of the Green Climate Fund, Mafalda Duarte, and the President of the European Bank for Reconstruction and Development, Odile Renaud-Basso. This was reported by the presidential press service.
Green Climate Fund: portfolio of over 200 million dollars
The meeting with Mafalda Duarte discussed expanding cooperation on climate change adaptation and attracting climate finance. The parties noted that the partnership with the fund is strengthening, and the portfolio of joint projects has exceeded 200 million dollars. The President spoke approvingly of the approved regional program for creating climate-resilient landscapes in Central Asia.
What was discussed with the fund
Special emphasis was placed on the need to ensure direct access to the fund's resources for Uzbekistan's financial institutions and to form a large-scale climate investment program. It is expected to cover the ecological restoration of the Aral Sea region and the development of green cities. The parties agreed to strengthen the partnership and implement new joint projects.
EBRD: the largest partner in the region
The meeting with EBRD President Odile Renaud-Basso discussed practical aspects of expanding strategic partnership. Uzbekistan has remained the bank's largest financial partner in the region for six years now: the project portfolio exceeds 7 billion dollars, and in 2025 the volume of banking operations exceeded 1 billion dollars for the first time. The EBRD's contribution to the development of the green economy was highly praised — projects in this area account for almost 60% of the bank's investments in the country.
Priorities for the coming year
Priority areas of cooperation with the EBRD for the coming year have been identified: modernization of the power infrastructure, development of agriculture and food industries, privatization in the banking sector, the launch of the Tashkent International Financial Center and the promotion of public-private partnership projects. Preparations for the next meeting of the Foreign Investors Council in 2027 were also discussed.
