On March 12, a meeting of the Uzbek-Russian Sub-Commission on Interbank Cooperation was held in Moscow, which was attended by representatives of central banks, ministries of finance and economic development, banks of the two countries, as well as representatives of the Uzbek Foreign Currency Exchange and the Moscow Exchange. The meeting was co-chaired by the First Deputy Chairman of the Uzbek Central Bank T. Ishmetov and the First Deputy Chairman of the Bank of Russia K. Yudayeva.
Rating-Agentur Expert RA has upgraded Uzbekistan's sovereign government credit rating (SGC) from ‘B+’ (Moderately low level) to ‘BB-’ (Sufficient level) in national currency and from ‘B+’ (Moderately low level) to ‘BB-’ (Sufficient level) in foreign currency. The rating outlook is stable which means that in the mid-term perspective there is a high probability of maintaining the rating score.
The Central Bank, together with the government, is preparing for phased privatization of banks, in a move which will become part of the financial sector's development concept for medium term, the chairman of the Central Bank Mamariso Nurmuratov announced today at a press briefing.
Uzbekistan is making strong progress implementing challenging economic reforms to support growth and build opportunities for citizens, says Cyril Muller, World Bank Vice-President for Europe and Central Asia. Visiting Uzbekistan on 26-27 February, Mr. Muller reaffirmed the World Bank’s continued support for the country’s transformation agenda.
On 20 February 2019, in the Ministry of Finance, the mission headed by Albert Eger, Chief Financial Officer of the International Monetary Fund (IMF) held a meeting with government officials.
Uzbekistan is selling $1 billion of Eurobonds in its first foray into international debt markets as the ex-Soviet republic opens its economy to foreign investment after more than two decades of isolation.
Uzbekistan plans to follow up an upcoming $1 billion international bond market debut with regular debt sales while the country’s banks are also expected to seek funds overseas, fund managers said on Tuesday.