Uzbekistan joins the Eurasian Development Bank
Uzbekistan has joined the agreement on the establishment of the Eurasian Development Bank (EDB), Kun.uz reports. The document was signed by President Shavkat Mirziyoyev.
We would like to remind you that the law approving the agreement was adopted by the Legislative Chamber of the Oliy Majlis on January 21, 2025 and approved by the Senate on March 18.
The report states that the Eurasian Development Bank, with an authorized capital of $7 billion, finances investment projects in member states.
The main areas of the bank's activity include supporting projects in the "green economy", transport and logistics, and alternative energy.
Related to the topic
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Shavkat Mirziyoyev proposed at the EOII meeting to eliminate tariff and non-tariff restrictions on trade between Uzbekistan and the union states, hold a Business Council meeting in Tashkent, and cooperate in tourism, IT, and AI. The country plans to join the EOIC in 2025, the president said.
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The Islamic Development Bank will allocate nearly $300 million to improve education and road infrastructure in Uzbekistan. A total of 58 schools based on inclusive education requirements will be built under the grant agreements. The A-373 highway passing through Syrdarya region will also be reconstructed.
