Uzbekistan’s President Shavkat Mirziyoyev has held talks with Dilma Rousseff, president of the New Development Bank (NDB), who arrived in Tashkent to take part in the Tashkent International Investment Forum.
According to Uzbekistan’s presidential press service, Mirziyoyev and Rousseff discussed prospects for expanding cooperation with the NDB, including the implementation of agreements reached during previous negotiations.
Rousseff praised Uzbekistan’s economic reforms and said the bank was ready to support the country’s priority socioeconomic development goals.
The meeting also covered Uzbekistan’s recent accession to the NDB. Uzbekistan officially became the bank’s 10th shareholder in June 2026 and the first Central Asian country to join the institution.
Mirziyoyev and Rousseff agreed to form a medium-term portfolio of joint projects in energy, water management, transport and engineering infrastructure, and support for the private and social sectors. NDB expert missions will help implement the initiatives.
In May, Uzbekistan’s Ministry of Investment, Industry and Trade said a project portfolio worth $4.5 billion had been prepared for financing through the NDB. It includes projects in transport, energy, construction, and industry. In particular, the possibility of attracting funds for the construction of a nuclear power plant is under consideration.
The meeting also covered the NDB’s participation in major regional transport and logistics projects, as well as Uzbekistan’s environmental transformation programs.
The NDB was created by BRICS countries in 2014. It is one of the main financial institutions of the Global South. The bank holds an AA+ credit rating and is developing alternative financial mechanisms, including settlements in national currencies.
According to the presidential press service, Uzbekistan’s accession to the NDB will help diversify sources of external financing and attract concessional investment for economic modernization.
