The European Bank for Reconstruction and Development (EBRD) and the Government of Uzbekistan have signed a new enhanced cooperation agreement aimed at accelerating economic development, strengthening the private sector, and supporting sustainable growth across the country.
The Enhanced Partnership Framework Agreement (EPFA) will deepen long-term collaboration between the two sides, focusing on building a competitive, resilient, green, and well-governed economy. The partnership will support both public- and private-sector development through investments, grants, technical assistance, and policy cooperation.
As part of the agreement, Uzbekistan will provide up to US$20 million in grant funding to support small and medium-sized enterprises (SMEs). The funding, complemented by additional EBRD resources, will help local businesses access technical expertise, advisory services, and capacity-building support to improve competitiveness and expand growth opportunities.
The new framework is designed to strengthen entrepreneurship, encourage innovation, and create a more favorable environment for private-sector investment. It will also support the preparation and implementation of public-sector projects that contribute to the country’s long-term economic transformation.
Uzbekistan has become one of the EBRD’s most important partners in Central Asia. To date, the bank has invested nearly US$6.9 billion across 210 projects in the country, with the majority of funding directed toward private-sector development and business growth.
The enhanced cooperation agreement reflects a shared commitment to advancing sustainable economic reforms, supporting local enterprises, and promoting inclusive development as Uzbekistan continues its modernization efforts.
