TASHKENT, Uzbekistan, June 5. The amount of approved funding from international financial institutions and development agencies in the Eurasian region to Uzbekistan amounted to $3.2 billion in 2023, Trend reports.
This is reflected in the first annual study, “Sovereign financing in the Eurasian region: trends and directions,” of the Eurasian Fund for Stabilization and Development (EFSD).
According to the study, Uzbekistan ranked first among the 11 countries of the Eurasian region (Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Mongolia, Russia, Tajikistan, Turkmenistan, and Uzbekistan) in terms of the amount of approved funding, which reached 51.6 percent of all funds for the Eurasian region.
In general, in 2023, $6.2 billion (337 transactions) of sovereign financing was approved by international financial institutions and development agencies in the Eurasian region.
The ADB and the World Bank are leaders in the volume of approved sovereign financing in the region in 2023, with a total share of 59.7 percent: $1.9 billion (30.7 percent of the total) and $1.8 billion (29 percent), respectively. They are followed by the Asian Infrastructure Investment Bank (AIIB) with $1 billion (16.1 percent), and the Islamic Development Bank (IDB) with $396.7 million (6.4 percent).
