Sunday, 19, August, 2018

Finances

The Ministry of Finance of Uzbekistan has developed a draft concept for development of the Uzbekistan’s financial markets for medium and long term. The document is published on the portal for discussion of normative legal acts.

The European Union and the Government of Uzbekistan signed today an agreement of EUR 21.5 million for the Horticulture Development Project, which aims to enhance the productivity and profitability of the horticulture sector in the country.

Managing Director of the International Monetary Fund (IMF) Christine Lagarde expressed her support to Uzbekistan's efforts to reform the economy.

The President of Uzbekistan by his resolution of July 13 dismissed Tatyana Guskova from the post of First deputy finance minister due to retirement, the Presidency website reported.

As part of economic cooperation, the Chairman of the Governing Board of the Swiss National Bank, Thomas Jordan has arrived in Uzbekistan.

At Uzbek Foreign Ministry was held a teleconference with experts of the European Investment Bank (EIB), the Uzbek Foreign Ministry said.

On 5 July 2017, the Asian Development Bank (ADB) and the Invest Finance Bank (InFin Bank) signed an agreement enabling cooperation to support trade in Uzbekistan through ADB’s Trade Finance Program (TFP).

The World Bank’s Board of Executive Directors approved allocation of two loans for US$294.9 million to Uzbekistan for implementation of water resource management and livestock sector development projects.

President of Uzbekistan on Tuesday signed a decree appointing Abdukhafiz Karimov as Deputy Finance Minister. Abdukhafiz Karimov will oversee the issues of financing the social sphere, science, government bodies and the Off-Budget Pension Fund.

Starting from June 28, 2017, the Central Bank of Uzbekistan (CBU) will raise the interest rate by 5 percentage points to 14% per annum, In a statement, the CBU announced.