Sunday, 19, August, 2018

Finances

The new version of Uzbekistan’s Central Bank Bill has been prepared in Uzbekistan. The document said that the Central Bank is a legal entity and is in the exclusive ownership of the state.

The European Bank for Reconstruction and Development has no plans to restart lending in Russia, but is upbeat on Central Asia following Uzbekistan’s move to implement long-delayed market reforms, its president told Reuters.

The World Bank forecasts global economic growth to edge up to 3.1 percent in 2018 after a much stronger-than-expected 2017, as the recovery in investment, manufacturing, and trade continues, and as commodity-exporting developing economies benefit from firming commodity prices, the World Bank's GLobal Economic Prospects said.

The Asian Development Bank’s (ADB) Board of Directors has approved a US$145 million loan to help improve water supply and sanitation services in the Republic of Karakalpakstan (RK), an autonomous republic in northwestern Uzbekistan. The project will benefit about 388,000 residents, half of whom are women and girls.

Uzbek Deputy PM/ Finance Minister, Jamshid Kuchkarov held talks with a group of Gazprombank officials Tuesday, the ministry said in a statement.

IFC, a member of the World Bank Group, has signed a mandate with the government of Uzbekistan to increase its renewable power capacity and encourage private sector investment in Uzbekistan’s renewable-energy sector.

World Bank Group President Jim Yong Kim met with Uzbek President Shavkat Mirziyoyev today to discuss Uzbekistan’s social and economic transformation and to reaffirm the World Bank Group’s support for reforms to accelerate economic growth and boost shared prosperity. The meeting in Washington, DC took place on the margins of Mirziyovev’s first official visit to the United States.

Mr. Tao Zhang, Deputy Managing Director for the International Monetary Fund (IMF), visited Tashkent on 12-14 May 2018.

The European Investment Bank (EIB) may provide Uzbekistan with first batch of loans worth total of US$ 500 million, Uzbekistan 24 channel reported.

The Central Bank of Uzbekistan posted the draft Precious Metals and Stones Bill for public consultation. The bill provides for that gold bullions may be used (purchased) by individuals and legal entities, including non-residents of the Republic of Uzbekistan, as investments.