Uzbekistan has officially joined the New Development Bank as its 10th member, strengthening BRICS-led financial cooperation and expanding development financing opportunities across Central Asia.

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• Uzbekistan officially became the 10th member of the New Development Bank on 5 June 2026 after completing accession procedures and shareholder requirements.
• The country is the first Central Asian nation to join the BRICS-backed multilateral development institution, marking a significant regional financial milestone.
• Membership provides Uzbekistan access to long-term development financing for infrastructure, energy, transportation, urban development and sustainable economic growth projects.
• Established in 2015 by BRICS nations, the New Development Bank finances infrastructure and sustainable development projects across emerging economies worldwide.
• Since its inception, the bank has approved 139 projects worth nearly $43 billion across renewable energy, transport, water management and social infrastructure.
• Uzbekistan recorded average annual economic growth exceeding 6.7% between 2023 and 2025, increasing demand for large-scale infrastructure investments.
• The accession was approved after President Shavkat Mirziyoyev signed legislation supporting membership and ratifying the bank’s founding agreement framework.
• The membership is expected to strengthen trade, investment cooperation and economic partnerships while supporting modernization and development objectives nationwide.