The Eurasian Development Bank (EDB) intends to allocate $13.5 billion to finance projects in its member countries under a new strategy for 2027–2031. This was announced by EDB Chairman Nikolai Podguzov on the sidelines of the bank's Annual Meeting and Business Forum in Almaty.

The current strategy for 2022–2026 envisaged investments of $10.9 billion. However, the bank has already exceeded this target and expects to reach $12 billion in investments by the end of this year.

Podguzov noted that the new investment volume is 10–20% higher than the previous strategy's parameters. However, further increases in financing will depend on the growth of the bank's capital base.

The distribution of investments among member countries has not yet been determined. The relevant figures will be clarified after the approval of country strategies, which are expected to be finalized in the fall.

Key priorities of the new investment program include developing Eurasia's transport and logistics complex, ensuring food security and logistics, supporting high-value-added industries, and projects in Central Asia's water and energy sector.

Podguzov emphasized that the water-energy complex of Central Asia will remain a central focus of the bank's activities. Significant attention will also be paid to transport infrastructure and logistics development.

Earlier, the EDB chairman stated that in the medium term, the bank's investments in Uzbekistan's economy could reach $1.5–2 billion. This year, the bank has already approved the first projects in Uzbekistan worth hundreds of millions of dollars and is preparing financing for new initiatives.

Source: podrobno.uz