President Shavkat Mirziyoyev of Uzbekistan has signed a decree dated September 16, formalizing the country’s accession to the Eurasian Development Bank (EDB), Gazeta.uz reports. Under the decree, Uzbekistan will purchase 777,777 shares of the bank at a nominal value of $1,000 per share, totaling $777.8 million, Gazeta.uz reports.
An initial tranche of 168,411 shares (21.7% of the total package), worth $168.4 million, will be paid immediately. The remaining shares will be settled upon the bank’s future request.
Funding will be disbursed as follows:
- 2025: $10 million — to be transferred within one week of the decree’s entry into force;
- 2026–2027: $79.2 million annually.
This move finalizes a process initiated in July 2024, when the EDB Council approved Uzbekistan’s membership. In April 2025, President Mirziyoyev signed the law ratifying the Bank’s founding agreement, paving the way for Uzbekistan to become its seventh member state.
Upon completion of the share purchase, Uzbekistan will hold a 9.1% stake in the EDB’s authorized capital — making it the third-largest shareholder after Russia (44.8%) and Kazakhstan (37.3%). Other members include Belarus (5.2%), and Armenia, Kyrgyzstan, and Tajikistan (each 4.2%).
As a key financial institution of the Eurasian Economic Union, the EDB currently manages a portfolio of 305 projects with total investments of $16.5 billion. Uzbekistan’s entry grants the country access to funding for infrastructure, energy, and industrial development — while significantly deepening regional economic integration across Central Asia and Eurasia.
CentralasianLIGHT.org
Sept. 19, 2025