Amid military conflicts and disruptions to traditional trade routes, developed countries are increasingly focusing on domestic priorities. This situation could lead to a reduction in investment flows to developing nations like Uzbekistan. At the EUROUZ association’s “Economic Review of Uzbekistan — 2026” event, experts from international financial institutions addressed this concern.

The head of the European Investment Bank’s (EIB) regional office, Olivier Kueny, emphasized that European institutions do not plan to halt activities outside the European Union. He stated that the EIB is opening a regional office in Uzbekistan covering all of Central Asia, confirming long-term partnership plans. The bank is part of the EU’s previously announced €12 billion package for financing projects in Central Asia.

The World Bank’s lead economist in Uzbekistan, Pinar Yasar, noted that in conditions of global uncertainty and limited resources, international institutions may act more selectively. She argued that Uzbekistan, by ensuring macroeconomic stability and continuing reforms, stands out among countries attractive to investors. The expert described Uzbekistan as a “rising star in Central Asia,” highlighting its demographic and market potential.

However, Pinar Yasar warned that Uzbekistan must continue to improve its investment climate, transition to a market economy, and strengthen investor protections. If the country deviates from this path, attention from developed economies could wane. Meanwhile, the risk of slowed investment flows persists due to global conflicts and the inward focus of developed nations.

Source: www.gazeta.uz