Monday, 21, September, 2020

Finances

On June 11, President Shavkat Mirziyoyev held talks with the president of the European Bank for Reconstruction and Development, Suma Chakrabarti, in the form of video conferencing, the presidential press service said.

On June 11, the Board of the Central Bank decided to keep the interest rate at 15% per annum, the regulator said in a statement.

Finland has become a new donor to the UN Multi-Partnership Trust Fund for Human Security for the Aral Sea region in Uzbekistan (MPTF), the fund’s website reported.

IFC, a member of the World Bank Group, is extending a US$10 million trade finance-guarantee facility to Ipoteka Bank to support Uzbekistan’s exporters and importers and help protect the country’s economy from the impact of the COVID-19 pandemic.

The Government of Japan will provide US$ 1.9 million to help expand UNDP’s efforts in overcoming the socio-economic consequences of the COVID-19 pandemic in Uzbekistan.

The Japanese government will provide US$ 3 million to expand the business opportunities for women in rural areas of Uzbekistan in the context of the coronavirus pandemic, the Japanese embassy in Tashkent said.

The draft document: "Approval Of Offshore Jurisdictions" was published on the portal for discussion of draft regulations.

On May 21, the President Shavkat Mirziyoyev signed a resolution on financing the targeted support for citizens affected by the incident at the Sardoba reservoir dam and for restoration of infrastructure.

As part of the comprehensive response against the COVID-19 pandemic, the United States government announced an additional $3 million in funding through the U.S. Agency for International Development (USAID) to Uzbekistan.

The Executive Board of the International Monetary Fund (IMF) today approved the disbursement of SDR 275.6 million (50 percent of quota, about US$375 million) under the Rapid Credit Facility (RCF) and the Rapid Financing Instrument (RFI). This will help to meet Uzbekistan’s increased need for fiscal and urgent balance of payments financing arising from the impact of the COVID-19 crisis.