Tashkent, 10 April 2025. President of the Republic of Uzbekistan Shavkat Mirziyoyev signed a law approving Uzbekistan's accession to the Agreement on Establishment of the Eurasian Development Bank (EDB). Uzbekistan will become the seventh member of the Bank and the third in terms of shareholding with a 10 per cent stake in the capital. The adoption of the law ensures the right to full and effective participation in the Bank's activities.

"We welcome Uzbekistan's decision to become a member state of the Eurasian Development Bank. This partnership opens great opportunities for the economic development of Uzbekistan and the entire region. EDB will support Uzbekistan in its endeavour to grow sustainably and rapidly, and to improve the welfare of its citizens. The Bank has already started working on investment projects in the country, the first of which it intends to finance this year. With each new project and each new participant, we continue to fulfil our mission, contributing to the sustainable development of the Eurasian region," said Nikolay Podguzov, Chairman of the Board of the Eurasian Development Bank.

Uzbekistan's accession will create new opportunities for the republic to modernise its transport infrastructure, energy complex, water sector, and accelerate industrial and agricultural development. The expansion of the Bank's membership also brings benefits for its current member countries, including industrial cooperation, development of trade relations and food security. 

The decision to admit the Republic of Uzbekistan as a member of the EDB was approved by the Bank's Council on 16 July 2024. In December 2024, Uzbek President Shavkat Mirziyoyev announced during a meeting of the Supreme Eurasian Economic Council in St Petersburg his intention to finalise all necessary procedures and join the EDB in early 2025. In January, the law was adopted by the Legislative Chamber of the Oliy Majlis, and in March it was approved by the Senate of the Republic of Uzbekistan.