Uzbekistan and the European Bank for Reconstruction and Development (EBRD) held discussions on the issues of privatizing state enterprises and banks, expanding financing for small and medium-sized businesses, and developing public-private partnership mechanisms.
These topics were addressed on October 15, 2026, in Bangkok during a meeting between Jamshid Kuchkarov, Deputy Prime Minister and Minister of Economy and Finance of Uzbekistan, and Odil Raina-Basso, President of the EBRD.
The negotiations took place concurrently with the annual meetings of the International Monetary Fund and the World Bank, as reported by the Information Service and Communications Department of the Ministry of Economy and Finance of Uzbekistan.
Greg Guyett, First Vice President of the EBRD, Matteo Patrone, Vice President of the bank, Nodirbek Ochilov, Deputy Chairman of the Central Bank of Uzbekistan, Jasur Karshibayev, Advisor to the Minister of Economy and Finance, and other representatives also participated in the discussion.
Participants reviewed Uzbekistan's macroeconomic trends, progress in economic reforms, and priorities for future cooperation.
Special attention was paid to the transformation and privatization of state banks and enterprises, as well as the institutional changes necessary to support these processes. The parties also studied ways to improve mechanisms for supporting small and medium-sized businesses and increasing their access to financing.
Furthermore, the financial contribution to the mortgage market and the development of public-private partnership mechanisms were discussed. The agenda also included the topic of expanding cooperation in the energy and transport sectors.
Following the meetings, the parties agreed to develop mutually beneficial cooperation and continue exchanging views on the issues raised. The Ministry did not specify any new projects, funding amounts, or implementation timelines.
