Tuesday, 24, April, 2018

Finances

Russian companies and financial institutions intend to take part in the construction of Uzbekistan GTL plant (OLTIN YO'L GTL).

The Russian Export Center (EXIAR) will open credit lines for four Uzbek banks for a total of $ 300 million, the company general director, Pyotr Fradkov said today in Tashkent.

Uzbek Foreign Minister Abdulaziz Kamilov hosted a delegation of the European Bank for Reconstruction and Development (EBRD), led by the Managing Director for Central Asia and Russia, Natalia Khanzhenkova, the Uzbek Foreign Ministry said in a statement.

Uzbekistan will receive a $ 1 billion World Bank loan to help mitigate the impact of the currency liberalization on enterprises and households.

Delegation of the European Bank for Reconstruction and Development (EBRD) led by the Managing Director for Central Asia and Russia Natalya Khanzhenkova arrived in Tashkent yesterday, the Foreign Ministry reported.

Uzbekistan launched steps to get a sovereign credit rating, Uzbek Deputy Prime Minister Jamshid Kuchkarov said during a meeting of the International Press Club (IPC) yesterday, Gazeta.uz news website said.

The Export-Import Bank of the United States (Ex-Im Bank) expressed its readiness to finance projects in Uzbekistan, the Chairman of NBU Sukhrob Holmuradov said at the meeting of the International Press Club yesterday.

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement after a meeting with Mr. Shavkat Mirziyoyev, President of the Republic of Uzbekistan, in New York today:

Mr. Jihad Azour, Director of the IMF’s Middle East and Central Asia Department, visited Tashkent, Uzbekistan, on September 14–16. During his visit, Mr. Azour held meetings with the authorities and stakeholders to discuss the latest regional and global economic developments and the authorities’ recent economic reforms. At the conclusion of his visit, Mr. Azour made the following statement:

President Shavkat Mirziyoyev on September 13  signed the Measures for Further Improvement of Monetary and Credit Policy Resolution. The document points to the need for "a fundamental review of the current instruments of monetary policy to ensure macroeconomic stability and raising the living standards of the population."