Monday, 21, September, 2020

Finances

The Japanese government and the United Nations Food and Agriculture Organization (FAO) will donate US$ 7.25 million for the second project to improve locust management in Central Asia, the Japanese Embassy in Uzbekistan said.

In January-June 2020, the average monthly salary before tax in Uzbekistan was at 2.5 million soums (240 USD), a 21.6% increase compared to the same period in 2019, the State Statistics Committee said in a report.

The Asian Development Bank (ADB) has delivered more medical supplies and equipment to Uzbekistan as part of its commitment to help the government respond to the coronavirus disease (COVID-19) pandemic.

The Central Bank of Uzbekistan has announced the volume of gold and foreign exchange reserves. As of July 1, Uzbekistan's official gold and foreign exchange reserves amounted to US$ 32.3 billion, with monetary gold at US$ 19.4 billion and foreign exchange - US$ 12.4 billion, while in the beginning of the year, the figure was at US$ 29.1 billion.

The Central Bank keeps interest rate unchanged at 15% per annum, the CB said in a statement. Following the regular meeting held on Thursday, the CB Board announced that the interest rate shall be set at 15% per annum.

On July 21, Deputy Foreign Minister Furqat Sidiqov held talks with Deputy Director General of the Kuwait Fund for Arab Economic Development, Marwan Abdullah al-Ghanim (KFAED), the Foreign Ministry said.

The European Union launched today a comprehensive EUR 3 million Central Asia COVID-19 Crisis Response (CACCR) solidarity package, addressing the needs of Central Asian countries. Implemented by the World Health Organization the CACCR programme will provide support to mitigate the current outbreak of the COVID-19 pandemic. It will also contribute towards longer-term resilience of the national health systems of the Central Asian countries by increasing their capacities to respond to similar public health threats, should they occur in the future.

The largest bank in Hungary, OTP Bank, plans to enter the Uzbek market. The prospects for opening a bank in the country were discussed at a meeting between the Uzbekistan Deputy PM Sardor Umurzakov and the Minister of Foreign Affairs and Trade of Hungary Peter Szijjártó in Tashkent.

The European Union and the French Development Agency (FDA) on July 10 approved funding of 1.5 million euros for a safe medical waste disposal project in Samarkand, the agency’s said.

US$500 million agriculture modernization project finance agreement was signed with the World Bank on July 11. On behalf of Uzbekistan, the agreement was signed by the Deputy PM/Minister of Investment and Foreign Trade Sardor Umurzakov, while on behalf of the World Bank, Regional Director for Central Asia Lilia Burunciuc.