OREANDA-NEWS. October 23, 2009. Eurasian Development Bank, bonds of which are listed on the special trading floor of the Regional Financial Center of Almaty, provided Kazakhstan Stock Exchange (KASE) with a press release, reported the press-centre of KASE:

The Tajikistan Government and Eurasian Development Bank singed an agreement on terms of operation in Tajikistan. The agreement was signed by Tajikistan Finance Minister Safarali Nadjmiddinov and Chairman of the Bank Igor Finogenov.

Signing the document the parties referred to the Agreement on establishment of Eurasian Development Bank dated January 12, 2006 and a necessity on creation of favorable conditions for operation of Bank in Tajikistan, ensuring its status, immunities and privileges.

In accordance with the agreement the Bank as an international organization is a subject of an international law, internationally capable, enjoys rights of a legal entity in Tajikistan. The bank has a legal status, granting privileges and benefits in Tajikistan:

- property and court immunity;

- inviolability of premises and vehicles,

- tax and customs benefits;

- advantages, allowing for avoiding expenses and risks, resultant from changes in legislation and banking regulation in Tajikistan.

The agreement on operation of Eurasian Development Bank in Tajikistan shall be effective after it is ratified by the Tajikistan Government.

In June Tajikistan paid for its share in the authorized capital of the bank, having credited the Bank with USD500 th. Tajikistan completed all procedures, related to entry in the Bank, thus, becoming the fourth full member.

At the beginning of October Tajikistan informed the bank on appointment of the Tajikistan Finance Minister as an authorized representative in the Bank Council, and the First Deputy Chairman of the State committee for investment and management of state property Abdugafor Rakhmonov - his deputy. In accordance with the bank charter they became members of the Bank Council.