Sunday, 14, June, 2026
Sunday, 14, June, 2026
The Asian Infrastructure Investment Bank (AIIB) has signed a USD107 million loan agreement with private water-desalination company Acwa to support the development of the Bash 2 wind power plant in Uzbekistan.
The Asian Development Bank (ADB) will back $70 billion in new energy and digital infrastructure initiatives by 2035, aiming to connect power grids, expand cross-border electricity trade, and improve broadband access across Asia and the Pacific.
South Korea’s Shinhan Bank is set to establish a full-scale presence in Uzbekistan by launching a local subsidiary, according to reports from Maeil Business Newspaper citing financial sector sources.
President Mirziyoyev signed a decree outlining additional steps to accelerate the privatization of Asakabank. The document sets the stage for a comprehensive institutional transformation, preparing the bank for the sale of shares to a strategic investor and formalizing the involvement of the European Bank for Reconstruction and Development (EBRD).
Central banks are currently grappling with a difficult balancing act: curbing inflation without stifling economic growth, the governor of the Central Bank Timur Ishmetov highlighted this dilemma in an interview with Uzreport TV during the IMF Spring Meetings in Washington.
This week, a delegation from Uzbekistan, led by Deputy Prime Minister and Minister of Economy and Finance Jamshid Kuchkarov, is participating in The World Bank Group’s Spring Meetings in Washington, D.C. They provide a platform for numerous meetings and consultations with WBG’s client countries on a wide range of development challenges and its support in addressing them.
Uzbekistan has successfully issued sovereign international bonds in its national currency totaling the equivalent of $1 billion at a "historically low rate" of 12.25%, the Ministry of Economy and Finance said.
The president Shavkat Mirziyoyev signed amendments implementing Islamic banking mechanisms on March 27 with effect as of June 29 this year.
As reported earlier, the Central Bank has drafted amendments to the internal control rules for countering the legalization of proceeds from crime.
The Central Bank has drafted amendments to the internal control rules for countering the legalization of proceeds from crime. Public discussion of the draft will continue through April 4.
President Shavkat Mirziyoyev reviewed a presentation on the creation of the Tashkent International Financial Center, the launch of the International Center for Digital Technologies, and the implementation of Islamic finance mechanisms into the Uzbekistan’s banking system Wednesday, the presidential press service said.
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President Shavkat Mirziyoyev hosted the President of the Asian Infrastructure Investment Bank (AIIB) Zou Jiayi, the presidential press service said.
The upgrading of Uzbekistan's sovereign rating by international rating agencies has reduced the cost of borrowing and cut external debt servicing costs, satted, Deputy chief of Department at the Ministry of Economy and Finance Akmaljon Ganiev at a press meeting.
At its BOD meeting today, the Central Bank decided to keep the interest rate at 14% per annum. The regulator noted that the current tight monetary policy was necessary to sustainably curb the inflation.
In some cases, banks charge interest and penalties disproportionate to the original loan size and the actual costs incurred by lenders when loan payments are missed, the Central Bank told commercial banks in a letter on January 20.
Collection of online loans from individuals who have fallen victim to fraud will be halted, the Ministry of Justice announced. The relevant Regulation on minimum requirements for information and cybersecurity and preventing fraud in online financial services was registered by the Ministry of Justice and the Central Bank today, with the effect in three months.
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The President Mirziyoyev signed the Additional Measures to Improve Investment Climate in Capital Markets Decree, which took effect on 22.12.2025.
Uzbekistan's financial sector is planned to be brought into compliance with all 29 core principles of effective banking supervision of the Basel Committee by 2026, the presidential press service said following a presentation made to the president on Thursday.