TASHKENT, Uzbekistan, September 12. Toshkent Republican Stock Exchange (RSE) and the Eurasian Development Bank (EDB) discussed Uzbekistan’s capital market, the RSE told Trend.
The matter was reviewed at a meeting between the CEO of Toshkent Republican Stock Exchange George Paresishvili and a delegation of the EDB.
During the meeting, the parties kicked around ideas for breaking into the Uzbek market and tossed around the notion of funding local companies.
“EDB’s projects include issuing and placing bonds through RSE, as well as investing in local bonds in both national and foreign currencies. Moreover, Central Asia is a priority region for EDB,” EDB’s Executive Director of Investor Relations and Financial Institutions Saltanat Adilkhan said.
Earlier, the EDB's Chairman of the Board Nikolai Podguzov said that Uzbekistan may join the Eurasian Development Bank by the end of 2024.
“I can say that now, having already received Uzbekistan's application to join the bank, approximately Uzbekistan's participation in the bank will be 10 percent. We hope that this year all legal issues related to accession will be finalized,” he said.
Nikolai Podguzov noted that this diversification will affect proportionally the change in shares of participants and shareholders in the bank.