Monday, 21, September, 2020

Finances

The World Bank’s Board of Executive Directors approved today a $500 million financing package for implementation of the Agriculture Modernization Project in Uzbekistan.

In 2020, Uzbekistan will take steps to borrow up to $ 1 billion from international financial institutions through soft loans and other sources to support the budget.

The Kuwait Fund for Arab Economic Development (KFAED) will provide $ 23.1 million in a loan to Uzbekistan for the Equipping Uzbekistan Medical Institutions Providing Urologic and Hemodialysis Services Project.

The Asian Development Bank (ADB) today announced a $6.5 billion initial package to address the immediate needs of its developing member countries (DMCs) as they respond to the novel coronavirus (COVID-19) pandemic. "This pandemic has become a major global crisis. It requires forceful action at national, regional, and global levels,” said ADB President Masatsugu Asakawa.

The World Bank’s Board of Executive Directors approved a $239 million credit from the International Development Association for financing of the Water Services and Institutional Support Project in Uzbekistan.

EU Budget Support approved to assist with implementation of the new Uzbekistan Agri-food Development Strategy 2020-2030. The Government of Uzbekistan and the European Union have signed a Financing Agreement to provide 40 million EUR Grant Budget Support and Complementary Assistance for the reforms of Agri-food Sector of Uzbekistan.

National Bank for Foreign Economic Affairs (NBU), Uzbekistan’s largest bank by assets, plans a $300 million debut Eurobond issue, the Uzbek finance ministry said on Tuesday.

On March 5, President Shavkat Mirziyoyev hosted the President of the European Bank for Reconstruction and Development, Suma Chakrabarti, the presidential press service said.

The Board of the Central Bank decided to keep the interest rate at 16% per annum, the bank said today in a statement.

Presidents of all countries like to leverage their state visits to sign investment deals — and Uzbekistan's President Shavkat Mirziyoyev is no exception.