Uzbekistan to become EDB shareholder, will purchase bank shares for $168 mlnUzbek President Shavkat Mirziyoyev has signed a decree on measures for the country's accession to the Eurasian Development Bank (EDB), which provides for the purchase of bank shares.The corresponding document has been published in the national database of the country's legislation.Uzbekistan has received 777,777 shares in the EDB's charter capital with a nominal value of $1,000 each. Of these, 168,411 shares (21.7%) are paid-in, and 609,366 shares (78.3%) are to be paid upon demand. The total payment amount will thus be $168.411 million.The decree approves a payment schedule for the purchase of shares, which provides for funding from the state budget starting from 2025.The Uzbek Investment, Industry and Trade Ministry has been instructed to acquire the shares in the prescribed manner, and the Economy and Finance Ministry has been tasked with ensuring funding.Deputy Prime Minister Jamshid Khojaev has been appointed as the authorized representative for cooperation with the EDB.The Investment, Industry and Trade Ministry has been designated as the authorized body, and the Central Bank as the depository of funds and assets related to the bank in Uzbekistan.Mirziyoyev signed a law on April 10, 2025, approving Uzbekistan's accession to the agreement establishing the EDB.Uzbekistan has held observer status in the Eurasian Economic Union since 2020.The EDB is an international development bank with a charter capital of $7 billion. The bank's shareholders are Russia, Kazakhstan, Belarus, Armenia, Kyrgyzstan and Tajikistan. (ICE ALMATY)

Fonte notizia: Interfax