The EBRD and Uzbekistan have mentioned increasing their collaboration in renewable vitality improvement packages, Trend experiences.
The situation was mentioned throughout a gathering between Uzbek President Shavkat Mirziyoyev and EBRD President Odile Renaud-Basso on the sidelines of the World Summit on Climate Action, which was held in conjunction with the twenty eighth session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP28) in Dubai.
During the convention, it was reported that the financial institution’s investments in Uzbekistan totaled greater than 3.5 billion euros, with the non-public sector accounting for 60 p.c of the undertaking
Parties expressed confidence that the Partnership Strategy beneath improvement will considerably enhance the standard and scale of cooperation, significantly in areas reminiscent of small and medium-sized enterprise improvement, ladies’s entrepreneurship, the introduction of public-private partnership mechanisms, banking sector privatization, irrigation system modernization, highway infrastructure
improvement, and different industries.
Preparation for the subsequent assembly of the Council of Foreign Investors subsequent 12 months was additionally mentioned.
According to financial institution knowledge, investments in sustainable infrastructure initiatives account for 77 p.c of the entire portfolio (1.972 billion euros).
The EBRD’s energetic actions within the banking sector amounted to 16 p.c (416 million euros).
Furthermore, initiatives within the domains of business, commerce, and agriculture account for the smallest portion of the portfolio. Their stake within the portfolio is seven p.c (182 million euros).