EDB expects Uzbekistan to officially join bank early 2025 – board chairman (Exclusive)



ALMATY, Kazakhstan, December 22. The Eurasian
Development Bank (EDB) hopes Uzbekistan will officially join the
bank in early 2025, Chairman of the Management Board of the
Eurasian Development Bank (EDB) Nikolai Podguzov told Trend on the sidelines of
an EDB session.

“We have engaged in discussions with Uzbekistan for an extended
period. In late June, the Bank’s Council sanctioned the issuance of
Uzbekistan’s membership. The Government of Uzbekistan’s official
application has been received. It received approval with a 10
percent allocation.

An official answer was addressed to the government of Uzbekistan.
The Uzbek parliament is presently deliberating the legislation
regarding accession to the bank. We anticipate the law’s adoption
in the autumn parliamentary session,” he said.

According to him, currently, six countries representing the
Eurasian region are members of the EDB; however, this region covers
more countries.

“Today’s debate demonstrates that collaboration is essential for
resolving specific difficulties. We addressed matters of transport
connectivity. The North-South routes, the Middle Corridor, and
others traverse both Kazakhstan and Azerbaijan.




Additional concerns encompass energy, water, and food security.
These pertain to all nations within the Eurasian region.
Consequently, our objective is to operate more efficiently in the
region. All nations in the region, if feasible, should participate
in the bank, including Turkmenistan, Uzbekistan, Azerbaijan,
Türkiye, Georgia, and Mongolia. We would welcome the inclusion of
these countries in the bank to execute all projects advantageous to
them,” added Podguzov.

The Eurasian Development Bank is an international development
finance agency that invests in the economic development, commercial
relations, and integration of Eurasian countries. The EDB was
established in 2006 and is based in Almaty, Kazakhstan.

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