About IFIs and IFFOs:
The European Bank for Reconstruction and Development (EBRD) was established in 1991 to assist the countries of Central and Eastern Europe and the CIS in establishing a market economy after the collapse of administrative-command system.
Cooperation with the Republic of Uzbekistan:
Uzbekistan has been a member of the European Bank for Reconstruction and Development (EBRD) since April 30, 1992. As a shareholder, the Republic owns EBRD shares in the amount of € 44.1 million.
The EBRD office in Tashkent was opened in May 1993.
Reference: at the end of July 2005 the Bank announced the suspension of financing projects, enterprises and programs in Uzbekistan related to the public sector, due to “the lack of progress in political life of the country, as well as violations of human rights”.
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