Uzbekistan completing procedure to join Eurasian Development Bank - PM Aripov

TASHKENT. Oct 1 (Interfax) - Uzbekistan is completing the procedure to join the Eurasian Development Bank (EDB), Prime Minister Abdulla Aripov said at a meeting of the Eurasian Intergovernmental Council in expanded format in Yerevan.

"We are currently completing the procedure to join the Eurasian Development Bank," the Uzbek government's press service quoted Aripov as saying.

EDB Governor Nikolai Podguzov during the bank's annual meeting in Almaty in June said that the legal issues of Uzbekistan's accession to the EDB would be settled by the end of the year, and the country would receive approximately 10% of the bank's capital.

Uzbekistan has the status of observer state in the Eurasian Economic Union (EAEU).

The EDB is an international development bank with charter capital of $7 billion. Russia, Kazakhstan, Belarus, Armenia, Kyrgyzstan, and Tajikistan are the bank's shareholders.