The legislative chamber has approved the bill for Uzbekistan's accession to the Eurasian Development Bank.

Uzbekistan is focused on diversifying sources of long-term investments to develop its infrastructure, energy sector, and industry, while also seeking to expand financing opportunities for the national economy.

https://uzdaily.uz/ru/zakonodatelnaia-palata-priniala-zakonoproekt-o-prisoedinenii-uzbekistana-k-evraziiskomu-banku-razvitiia/2025-01-22 08:47:42

The adoption of this law will establish a legal framework for Uzbekistan's entry into another significant international financial organization, enabling the country to leverage the advantages of this structure for further economic development.

The primary objective of the Eurasian Development Bank, with a charter capital of $7 billion, is to finance investment projects in member countries. The bank plans to continue its investment activities in areas such as "green economy," transportation and logistics, alternative energy, digital transformation, and agriculture.

Since 2016, the bank has financed projects totaling $15 billion. Notably, the bank has implemented an accounting system in the national currencies of the member countries.

The draft law was adopted by the deputies in its third reading.