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Uzbekistan joins Eurasian Development Bank as shareholder
Uzbekistan will allocate more than $168 million to purchase shares in the Eurasian Development Bank (EDB). This step marks the country’s official entry as a member of the bank, according to a presidential decree.
Under the document, Uzbekistan has been allocated 777,777 shares in the EDB’s charter capital, each valued at $1,000. Of these, 168,411 shares (21.7 percent) are payable, while the remaining 609,366 shares (78.3 percent) will be paid upon the bank’s request.
The Ministry of Investments, Industry and Trade has been designated to handle the share purchase, while the Ministry of Economy and Finance will provide the funding. The funds will be allocated from the state budget in 2025, and from 2026 onwards, financing will be included in the regular budget framework.
It is expected that $10 million will be allocated in 2025, followed by $79.205 million annually over the next two years.
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