Oman and Eurasian Development Bank sign EDB's Terms of Presence Agreement
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**Oman and Eurasian Development Bank sign EDB's Terms of Presence Agreement**
The Eurasian Development Bank (EDB) and Oman’s Ministry of Finance have signed an agreement setting out the terms of the bank’s presence in the country. The signing took place during Sultan Haitham bin Tariq’s state visit to Kazakhstan, in the presence of the sultan and Kazakh President Kassym-Jomart Tokayev.
The agreement marks a new stage for the EDB. Oman will become the bank’s eighth shareholder and its first member state from the Gulf region.
The document was signed by Oman’s Finance Minister Sultan bin Salim Al Habsi and EDB Management Board Chairman Nikolai Podguzov.
The agreement reflects the shared interest of Oman and the EDB in long-term partnership, sustainable investment and stronger regional ties. It is an important step for economic relations between Oman, Kazakhstan and other countries of the Eurasian region.