BAKU, Azerbaijan, February 25. Uzbekistan ranks first among Central Asian countries for allocated funds from global financial institutions, Trend reports via the Eurasian Fund for Stabilization and Development (EFSD).
According to EFSD, international financial organizations and development agencies have carried out 541 sovereign financing operations with a total cost of $20.9 billion in Uzbekistan from 2008 through 2022 – the largest amount of operations was implemented in 2020.
The largest share of the financing operations fell on technical assistance (383), followed by investment loans (135), stabilization loans (17), and grants (8).
EFSD notes that WB (163 projects), Asian Development Bank (116 projects), and the International Monetary Fund (97 projects) have implemented the largest number of operations in Uzbekistan during the reporting period.
The largest share of financing in terms of money came in the form of investment loans ($15.4 billion) and stabilization loans ($5.3 billion).
The EFSD sovereign financing database covers 11 countries of the Eurasian region, in particular, Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, Mongolia, Turkmenistan, and Uzbekistan.
The fund also provides information about operations financed by international organizations such as the International Monetary Fund (IMF), the World Bank (WB), the Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the New Development Bank (NDB), the Islamic Development Bank (IDB), the Eurasian Development Bank (EDB), and the Eurasian Fund for Stabilization and Development (EFSD).