Kyrgyzstan invested nearly $65 mn in Russia’s stake in the Eurasian Development Bank (EDB), raising its ownership to 4.2% from 0.01% in 2023. This increase follows the redistribution of more than 320,000 shares from Russia's paid-up authorized capital in the bank.
The EDB’s Board of Directors decided to reallocate the shares on December 30, 2022. Consequently, Kyrgyzstan’s monetary share grew from $700,000 to almost $65 mn in 2023.
Currently, Kyrgyzstan’s contribution to the EDB’s authorized capital is almost fully paid, with only $600,000 in remaining liabilities, payable in the event of a bank claim. This situation is similar to Armenia’s.
Tajikistan contributed 97% ($64.5 mn) of its authorized capital to the EDB, while Belarus paid just over 59%. The largest shareholders, Russia and Kazakhstan, paid approximately 16% (nearly $679 mn) and 24% (over $565 mn), respectively.
At the end of 2023, the EDB’s authorized capital comprised 7mn common shares, each valued at $1,000. Each paid-up share grants voting rights, reflecting the significant influence of member states on the bank's operations and decisions.
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