Uzbekistan Fund for Reconstruction and Development

The Uzbekistan Fund for Reconstruction and Development was established in 2006. It is a 100% state-owned fund that finances investment projects in Uzbekistan’s priority industry sectors—oil and gas, chemicals, energy, and metals and mining.

At a Glance

Cumulative Project-Specific Cofinancing

$740 million


The fund has partnered with foreign investors, international financial institutions, and export credit agencies. Its beneficiaries are entities engaged in strategic infrastructure and socioeconomic development of Uzbekistan. It has partnered with ADB since 2014, contributing $740 million to its work with ADB.

1 January 2014–31 December 2020 Cofinanced Project
Country Project Cofinancing Amount ($ million) Type of cofinancinga
Uzbekistan Advanced Electricity Metering Phase 4 70 L
Power Generation Efficiency Improvement 400 L
Takhiatash Power Plant Efficiency Improvement 270 L

a L for loan

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