Uzbekistan to Allocate US$169 Million for Payment of EDB Shares

Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan will allocate approximately US$169 million for the payment of shares in the Eurasian Development Bank (EDB), becoming the third-largest shareholder in the financial institution with a 10% stake in its authorized capital.

Under the distribution terms, the country received 777,777 shares with a nominal value of US$1,000 each. Of these, 168,411 shares (21.7%) are payable, while 609,366 shares (78.3%) are callable on demand.

Payments will be made in stages: US$10 million in 2025 and US$79.2 million each in 2026 and 2027.

The funding will come from the state budget.

In April of this year, President Shavkat Mirziyoyev signed the law on Uzbekistan’s accession to the EDB Establishment Agreement.

Earlier, the document was approved by both chambers of parliament: in January by the Legislative Chamber and in March by the Senate.

Thus, Uzbekistan became the seventh member state of the bank, alongside Russia, Kazakhstan, Armenia, Belarus, Kyrgyzstan, and Tajikistan. The acquired stake grants the country the status of one of the bank’s key shareholders, alongside Russia and Kazakhstan.