Photo: e-cis.info
Uzbekistan will allocate more than $168.4 million to acquire shares of the Eurasian Development Bank (EDB), according to a presidential decree on the country’s accession as a bank member, signed on September 16.
The decree states that Uzbekistan is allocated 777,777 shares in the EDB’s authorized capital, each valued at $1,000. Of these, 168,411 shares (21.7%) are fully paid, while the remaining 609,366 shares (78.3%) are payable on the bank’s demand.
Funds for the share purchase will come from the state budget: $10 million is planned for 2025, followed by $79.2 million annually for the next two years. Remaining payments will be included in future state budgets on an ongoing basis.
The Ministry of Investments, Industry, and Trade is responsible for executing the acquisition, while financing will be provided by the Ministry of Economy and Finance.
The Eurasian Development Bank is a multilateral bank conducting investment activities across the Eurasian region since 2006. By 2025, the EDB portfolio includes 305 projects totaling $16.5 billion, primarily in transport infrastructure, digital systems, green energy, agriculture, industry, and mechanical engineering.
The EDB’s members are Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. Uzbekistan expressed its intention to join the bank on February 25, 2022, and the relevant law was signed by President Shavkat Mirziyoyev in April 2025.
