IFC, a member of the World Bank Group, has signed a mandate with the government of Uzbekistan to increase its renewable power capacity and encourage private sector investment in Uzbekistan’s renewable-energy sector.
World Bank Group President Jim Yong Kim met with Uzbek President Shavkat Mirziyoyev today to discuss Uzbekistan’s social and economic transformation and to reaffirm the World Bank Group’s support for reforms to accelerate economic growth and boost shared prosperity. The meeting in Washington, DC took place on the margins of Mirziyovev’s first official visit to the United States.
Mr. Tao Zhang, Deputy Managing Director for the International Monetary Fund (IMF), visited Tashkent on 12-14 May 2018.
The European Investment Bank (EIB) may provide Uzbekistan with first batch of loans worth total of US$ 500 million, Uzbekistan 24 channel reported.
The Central Bank of Uzbekistan posted the draft Precious Metals and Stones Bill for public consultation. The bill provides for that gold bullions may be used (purchased) by individuals and legal entities, including non-residents of the Republic of Uzbekistan, as investments.
Uzbek NBU and the Turkish Export-Credit Bank signed a simple loan agreement worth US$ 250 million to be used to finance projects and trade involving Turkish suppliers and contractors.
IFC, a member of the World Bank Group, has signed a landmark swap agreement with Hamkorbank, the largest private bank in Uzbekistan, to expand local currency lending to micro, small and medium enterprises, key to driving economic growth in the country.
Jingdong Hua, IFC’s Vice President and Treasurer, ended a two-day visit to Uzbekistan, where he met with private sector clients and discussed with Uzbek authorities, the Central Bank of Uzbekistan, and development partners how to scale up IFC’s engagements in the country. The meetings are part of an effort by IFC to support of the country’s economic transformation and stimulate foreign investments.