Monday, 18, June, 2018

Finances

The European Bank for Reconstruction and Development (EBRD) is reviewing financing of two more projects in Uzbekistan.

Uzbekistan inflation rate reached 7.8% in nine months, which is by 2.2 percentage points higher than last year, the Central Bank of Uzbekistan (CBU) said.

The Government of Uzbekistan in 2018-2019 plans to attract $200 million in a loan from Turkish Ziraat Bank for construction and reconstruction of affordable multi-storied housing in Uzbekistan's cities.

Uzbekistan firms applied for a total of $51.18 million EBRD loans for three projects. A USD 30 million loan in favour of Ipoteka-bank to be split between a senior MSME loan of up to USD 25 million with the proceeds to be on-lent to eligible subborrowers, and up to USD 5 million for trade finance activities.

Turkish state lender Ziraat Bank, a partner in Uzbekistan’s first foreign bank, UTBank, aims to grow its investments in the country by purchasing the remaining shares and rebranding the bank, Ziraat Bankası said yesterday.

The President of the EBRD Suma Chakrabarti today send a message to the President of Uzbekistan Shavkat Mirziyoyev.   

President of Uzbekistan appointed Anvar Karimov, former chief of Financial Department of the Syrdarya province governor’s office, as Deputy Finance Minister.

Since 1992 the monetary contribution of the UN system to Uzbekistan has been about US$471 million, the UN Country office in Uzbekistan said in a statement.

President Shavkat Mirziyoyev signed the Measures To Implement The Electrification of Pap-Namangan-Andijan Railway Project Decree co-financed by the Asian Development Bank.

The Board of Directors of the European Bank for Reconstruction and Development (EBRD) approved the first two projects for financing in Uzbekistan yesterday.