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EADB and Partners to Establish Direct Investment Fund for Central Asia and Transcaucasia
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Podrobno.uz [uz]
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EADB and Partners to Establish Direct Investment Fund for Central Asia and Transcaucasia

The Eurasian Development Bank (EDB) intends to form a new direct investment fund with several partners, which will be focused on the countries of Central Asia and the Transcaucasus. The goal of this fund will be to invest in promising enterprises in the region.

According to information provided by the bank's press service, the Central Asia and Transcaucasia Direct Investment Fund (CACPEF) is being formed with the assistance of organizations such as the China Investment Corporation, the Oman Investment Authority, the Uzbekistan Reconstruction and Development Fund, the Turkish fund OYAK, the EDB itself, and Shenwan Hongyuan Securities.

This fund will serve as a platform for consolidating the capital, accumulated experience, and business contacts of institutional investors from China, the Middle East, and Central Asia. Thanks to the fund, regional companies will be able to gain access to the technologies, market resources, and specialized expertise of their partners.

Daniyar Imangaliev, Deputy Chairman of the EDB Board, emphasized that enterprises in Central Asia and the Transcaucasus are in urgent need of long-term financing to scale up their activities and enter new markets. He added that participation in the creation of this fund will ensure the attraction of additional resources to the economies of the participating countries and support the development of local companies.

Furthermore, on Friday, October 23, President of Uzbekistan Shavkat Mirziyoyev held a meeting with Todd Boeli, head of the American investment holding company Eldridge Industries. During this discussion, priority areas for joint cooperation were determined, including mining, metallurgy, construction projects, and the integration of digital solutions into urban infrastructure.

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During the first meeting of the Council of Investors in the Fuel and Energy Industry, President Shavkat Mirziyoyev met with a delegation led by Muhammad Abunayyan, co-chairman of the Uzbek-Saudi Business Council and chairman of the board of ACWA.

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The participants confirmed their determination to raise bilateral cooperation to a higher level through the prompt and effective execution of adopted agreements. At the end of the meeting, Saudi investors thanked the republic's leadership for creating favorable conditions for investment activities.

Representatives of Uzbekistan and IFC discussed projects in energy, transport, and water management
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A meeting was held in Bangkok as part of regular meetings between the International Monetary Fund and the World Bank. Imad Fahuri, Vice President of the International Finance Corporation for the Middle East and Central Asia, and Jamshid Kuchkarov, Deputy Prime Minister—Minister of Economy and Finance of Uzbekistan, took part in it.

Lisa Kestner, Head of the IFC Unit for Kazakhstan, Turkey, and Uzbekistan; Nodirbek Ochilov, Deputy Chairman of the Central Bank of Uzbekistan; and Jasur Karshibayev, Advisor to the Minister of Economy and Finance, were also present at the negotiations, among other officials.

The participants discussed the successes achieved within the framework of large-scale reforms in the country, as well as opportunities to deepen mutually beneficial cooperation. Special attention was paid to the development of the private sector, infrastructure projects, and public-private partnership mechanisms.

During the dialogue, the implementation of joint initiatives in the fields of transport, energy, water management, and social infrastructure was reviewed. Among the major projects discussed were the construction of a toll highway between Tashkent and Andijan, the modernization of electricity distribution systems and irrigation pumping stations, as well as the application of PPP mechanisms in the water sector and the construction of general education schools in various regions.

In addition, the participants touched upon issues of mortgage market development, privatization of state enterprises, and the use of IFC expertise to improve business support. As a result of the meeting, the parties agreed to strengthen multifaceted interaction across all main areas.

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