EU-Central Asia Summit: EIB Global expands strategic investments in sustainable projects

At the EU-Central Asia Summit, EIB Global signed four memorandums of understanding with partners in Kyrgyzstan, Tajikistan and Uzbekistan to support EU Global Gateway priorities. With these agreements, the EIB will provide €365 million for sustainable transport, water management, and climate resilience projects. The EIB has signed a Host Country Agreement with Uzbekistan, making it possible to take the first step to increase the EIB’s presence in the region by setting up an EIB Regional Representation. The EIB has opened up negotiations with Turkmenistan for a Framework Agreement, the successful conclusion of which will constitute the legal basis to start operations in the country. At the inaugural EU-Central Asia Summit in Samarkand, Uzbekistan, European Investment Bank (EIB) Vice-President Kyriacos Kakouris signed four memorandums of understanding with key partners in Kyrgyzstan, Tajikistan and Uzbekistan. With these agreements, the EIB will provide €365 million, unlocking up to €1 billion of investment in sustainable transport, water management, and climate resilience projects. These agreements are in line with the European Union’s Global Gateway strategy, which aims to enhance private sector development, sustainable transport and logistics infrastructure, water management and environmental sustainability in Central Asia. These agreements will establish a framework for cooperation in order to identify concrete projects to be supported by the EIB. Each memorandum of...