Monday, 11, December, 2017

Finances

Uzbek Statistics Committee for the first time released monthly consumer price inflation. In November, consumer prices for goods and services increased by an average of 2%, including food - by 1.5% (faster than in November 2016 – 0.8% ), non-food - by 3.4% and services - by 0.5%.  Consumer prices for fruits and vegetables in November was influenced by the seasonal factor.

In 2000-2015, the electricity consumption in Uzbekistan increased from 46.8 billion kWh to 57.5 billion kWh. It is estimated that by 2020 the country will consume by 25% more or 71.8 billion kWh of electricity. The current installed capacity of the country's power plants is 12,994 MW, including 12,514 MW of installed capacity of 39 thermal and hydroelectric power plants of SJSC Uzbekenergo.

The Asian Development Bank’s (ADB) Board of Directors has approved a $45 million loan to help improve the quality of rural primary healthcare services in Uzbekistan. The project will help expand the scope of service delivery and bring those new services closer to the people.

Uzbekistan and South Korea signed over US$2.7 billion worth of finance deals during the state visit of the President Shavkat Mirziyoyev to the Korea Republic.

UzPromStroyBank and Korea Eximbank signed an addendum to the general inter-bank agreement. Korea Eximbank boosted its partnership with  UzPromStroyBank raised the credit line of $10 million to $30 million.

On January 1, 2018, Uzbekistan will transition to the international method of calculating the inflation rates. It is one of the government’s steps of transitioning to the inflation targeting system, the first deputy chairman of the Central Bank (CB) Timur Ishmetov said yesterday at a meeting of the International Press Club.

Asian Development Bank (ADB) Vice-President Wencai Zhang today met with the Prime Minister of the Republic of Uzbekistan Abdulla Aripov. Mr. Zhang reiterated ADB’s support for the government’s development agenda and expressed confidence in the country’s economic prospects. 

Following the launch of a broad reform programme in Uzbekistan, the EBRD is taking its engagement with the Central Asian country to a new level by opening an office and signing the first new projects since 2010.

Uzbekistan has made substantial investments in upgrading its water supply and sanitation (WSS) services over the past decade, amassing the largest public borrowing portfolio for WSS projects of any country in Central Asia. Despite such progress, residents – particularly in rural areas - continue to face challenges in accessing clean and reliable water services.

The 16th Central Asia Regional Economic Cooperation (CAREC) Ministerial Conference was held in Dushanbe (Tajikistan).