Русский
The BRICS New Development Bank (NDB) plans to begin exploring the first joint projects with Uzbekistan by the end of 2026, Andrei Bokarev, General Director of the NDB’s Eurasian Regional Center, has said.
Bokarev said that Uzbekistan has officially become a shareholder in the bank, having completed all necessary procedures. Uzbekistan became the bank’s tenth member on June 6th last week and is the first Central Asian nation to join the organization.
Bokarev added that the bank will begin exploring cooperation opportunities with Uzbekistan and preparing the first joint projects this year. Priority areas include energy, water resource management, transport, utilities, and social infrastructure, and that the NDB plans to utilize its key support instruments, including expanding financing in national currencies, implementing national procurement procedures and environmental risk assessment mechanisms, and accelerating project preparation and implementation.
Central Asia is one of the most dynamically developing regions in the world. Uzbekistan’s economy grew by an average of more than 6.7% annually from 2023 to 2025.
The bank’s primary objective is to finance infrastructure and sustainable development projects. The bank’s governance structure consists of a three-tiered system: the board of governors, the board of directors, and the president.
The NDB was established by BRICS member countries in July 2014, with the bank’s shareholders being Brazil, Russia, India, China, South Africa, Egypt, the United Arab Emirates, Bangladesh, Algeria, and Uzbekistan.
