Wednesday, 24, April, 2024
Wednesday, 24, April, 2024
The Uzbekistan’s GDP’s projected real growth in 2020 will be at 5.2–5.5%, while in 2021–2022 - at around 5.5–5.8%, the Central Bank of Uzbekistan said in a report on the main axes of monetary policies for 2020 and 2021−2022.
The President of the European Bank for Reconstruction and Development (EBRD), Suma Chakrabarti is planning to visit Uzbekistan in the first half of 2020 to discuss the expansion of the bank's activities in the country, the EBRD chief said at a meeting with the Uzbekistan Ambassador to the United Kingdom, Said Rustamov, the Foreign Ministry said.
Uzbekistan and the European Bank for Reconstruction and Development (EBRD) signed a loan agreement worth US$ 246.1 million for three projects on Wednesday. The document was signed following an interim session of the Council of Foreign Investors under the President, which was held in Tashkent, the Ministry of Investments and Foreign Trade said.
Shavkat Mirziyoyev signed the Improving Monetary Policy with Phased Transition to Inflation Targeting Decree. According to the decree, the practice of providing concessional loans shall be cancelled in Uzbekistan from January 1, 2021, with banks to be given the right to independently set loan interest rates with implementing, if necessary, mechanisms for compensating part of interest debt.
On the margins of the International Conference "The Role of the Capital Market in the Economic Development of Uzbekistan on November 15, the Capital Market Development Agency director, Atabek Nazirov, handed over the advisory license to the managing partner of the KPMG representative office in Uzbekistan, Nodir Vakhidov.
Last week, the World Bank’s Board of Executive Directors today approved a US $100 million credit from the International Development Association (IDA) for the Prosperous Villages Project in Uzbekistan. The project will improve the quality of basic infrastructure and communal services. Village residents will collectively decide which priorities to receive funding.
Asian Development Bank (ADB) President Mr. Takehiko Nakao today met with the President of Uzbekistan Mr. Shavkat Mirziyoyev for the second time since Mr. Mirziyoyev became President. They agreed to further strengthen the almost 25-year partnership between ADB and Uzbekistan.
Today, the Central Asia Regional Water Supply and Sanitation Conference convened participants from the five countries of the region in Tashkent, Uzbekistan, to discuss best practices for building climate-resistant water supply and sanitation services.
On November 11, 2019, in Brussels the Minister of Foreign Affairs of Uzbekistan, Abdulaziz Kamilov and the Director General of the European Commission for International Cooperation and Development, Koen Doens signed agreements on financing technical assistance projects “Accession of the Republic of Uzbekistan into the World Trade Organization” and “Development contribution of the EU to the Multi-Partnership Trust Fund for Human Security for the Aral Sea region”.
On November 11, the President signed the new version of the Central Bank Bill into Law with immediate effect. The new version of the Law was developed taking into account the Central Bank's functions to ensure and maintain the stability of prices, the sustainability of the banking system and payment systems, the Central Bank said.
Dairy products consumers across Uzbekistan will enjoy a greater variety of cheeses by a popular local producer Tillo Domor following its expansion supported by the EBRD and Hamkorbank.
The Minister of Innovative Development of Uzbekistan, Ibrohim Abdurahmanov hosted a delegation led by the president of the Venture Fund Council of the Union of Chambers and Commodity Exchanges of Turkey, Göktekin Dinçerler, the ministry said.
On November 8, at the Ministry of Investments and Foreign Trade was held a meeting with the director of financial operations at the Export-Import Bank of the Republic of Korea, Chang Yong-soo, the ministry said.
The EBRD believes the economy of Central Asia’s most populated state will continue its strong showing in 2020.
The President Shavkat Mirziyoyev signed the new version of the Banks and Banking Activities Bill into Law on November 5, with immediate effect.
President Shavkat Mirziyoyev ordered to cut inflation to 9.5% in 2022, said the head of State Budget Department at the Ministry of Finance, Jamshid Abruev at the presentation of the draft Citizens’ Budget on Friday.
The EBRD is expanding its regional presence in Central Asia’s most populated region by opening an office in Andijan, one of the largest municipalities in east Uzbekistan.
Uzbekistan president Shavkat Mirziyoyev has agreed reform aimed at modernising the Tashkent Stock Exchange and increase its free float to 10% of GDP by 2025, FDI Intelligence said.
President Shavkat Mirziyoyev signed the Currency Regulation Bill into Law which allows individuals to carry 100 million soums, or US$ 10,600 out of Uzbekistan without any permits.
The Uzbekistan Deputy Finance Minister Odilbek Isakov, during the visit to the United States, held a meeting with Deputy Assistant Secretary for Technical Assistance Policy of the U.S. Department of the Treasury, Larry McDonald.