The European Bank for Reconstruction and Development (EBRD) invested almost US$ 690 million (€607 million) in 22 projects in Uzbekistan in 2021, with Central Asia’s most populous state becoming the largest recipient of EBRD funds in the region for the second year running.
The Bank’s funds promoted renewable power generation, green lending, the upgrade of key infrastructure and domestic small businesses. The previous record for the annual investment in Uzbekistan was in 2019 when the EBRD pledged US$ 575 million (€517 million) through 13 projects in various sectors of the national economy.
The EBRD and the city of Samarkand agreed to develop a Green City Action Plan, which will help introduce carbon neutral electric buses in the city.
source EBRD
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