Monday, 18, January, 2021

Finances

Uzbekistan total external debt as of October 1, 2020 amounted to US$ 29.3 billion, recording 19.7% or US$ 4.8 billion increase to the beginning of 2020, the Central Bank’s Balance of payments, international investment position and external debt of the Republic of Uzbekistan publication said.

As the demand for affordable medical goods fuelled by the outbreak of the Covid-19 pandemic has grown immensely in Uzbekistan, the EBRD is stepping up efforts to support local manufacturers in Central Asia’s most populated state.

The Government of Uzbekistan selected Nephroplus, one of Asia’s largest and fastest growing dialysis companies, as the winning bidder today in a competitive international bidding process designed to increase patients’ access to quality dialysis treatment.

Uzbekistan Minister of Energy Alisher Sultanov and VEB.RF Chairman Igor Shuvalov oversaw the signing of a number of oil and gas project deals, as part of the Uzbek Minister’s visit to Russia.

The Japanese H.I.S. Holdings is considering to buy a stake in one of the Uzbekistan banks. This was discussed at the meeting of the Uzbek Deputy PM/Minister of Investments and Foreign Trade, Sardor Umurzakov, with the CEO & Executive President at H.I.S., Hideo Sawada, the ministry said in a statement.

Uzbekistan ups the ceiling for the government external borrowing for 2020 to US$ 5.5 billion. The deputies of Legislative Chamber reviewed amending the State Budget for 2020 Law.

The Asian Development Bank (ADB) today announced that it has approved a $93 million loan to help enhance competitiveness in Uzbekistan and boost inclusive growth by improving market-relevant skills development for young people and unemployed job seekers.

The Deputy PM/Minister of Investments and Foreign Trade Sardor Umurzakov held online talks with the new President of the European Bank for Reconstruction and Development (EBRD) Odile Renault-Basso, the ministry said.

The Central Bank is holding its board meeting in Tashkent, the press service of the Central Bank. The meeting attendees reportedly decided to keep the interest rate at 14 percent per annum.

A meeting with executives of the European Bank for Development and Reconstruction (EBRD) was held at the Central Bank, together with the Ministry of Finance of Uzbekistan.