Top representatives of the European Bank of Reconstruction and Development traveled to Uzbekistan on March 15 for a visit that could have major repercussions for ongoing intra-elite struggles.
According to official statements, EBRD President Suma Chakrabarti and his team will hold multiple high-level meetings with Uzbek officials over their three-day stay.
The dry language of the press releases disguise the political implications.
“We already see several areas of interest, such as regional connectivity and integration, advisory services and finance for [small and medium enterprises], and the financing of green energy and energy efficiency projects,” Chakrabarti said in a statement.
The EBRD has also said it wants to help in addressing the potentially disastrous remnants of the Soviet-era uranium mining and processing industry.
This trip has been in the woodwork for a few months.
As preparation for the visit, Uzbek Foreign Minister Abdulaziz Komilov on February 6 met with Natalia Khanjenkova, the EBRD’s managing director Central Asia and Russia. Khanjenkova said at the time that the EBRD hoped for long-term cooperation with Uzbekistan.
The EBRD’s representative office in Tashkent was opened in 1993. According to gazeta.ru, the bank carried out 55 projects in its time in Uzbekistan, investing almost 900 million euros ($950 million) into the local economy.