Sunday, 12, July, 2020

Finances

The Deputy Director of the Institute for Strategic and Interregional Studies think-tank under the President, Sanjar Valiev believes that it is necessary to accelerate the process of the Uzbekistan’s accession to the World Trade Organization (WTO).

Deputy Prime Minister Mr. Jamshid Kuchkarov and Officer-in-Charge of ADB’s office in Uzbekistan Mr. Enrico Pinali on 12 December signed loan agreements totaling $500 million for improving economic management and developing Uzbekistan’s mortgage market sector. 

On December 3, the National Interbank Processing Center (NIPC) and the nd global payments technology company Mastercard announced the launch of acceptance of Mastercard card payments on the Humo system, NIPC said.

Patients of healthcare centres in Uzbekistan will benefit from better care and hygiene standards following the introduction of modern medical manufacturing facilities in Uzbekistan, supported by the EBRD.

The President Mirziyoyev by his Nov. 30 decree transformed the National Bank for Foreign Economic Affairs (NBU) from unitary enterprise into a joint-stock company.

On October 9, President Shavkat Mirziyoyev signed a decree on Measures to improve the financial stability of Uzbekistan’s banking sector.

The Capital Market Development Agency (CMDA) prepared a bill proposing to lift the restrictions for issuing corporate bonds by limited liability companies.

The Asian Development Bank (ADB) has approved $200 million in loans that will help the Government of Uzbekistan reform its housing finance programs and provide families with more affordable mortgage products.

The Asian Development Bank (ADB) will issue Uzbek soum-denominated bonds, said the chairman of the Central Bank, Mamarizo Nurmuratov.

The Asian Development Bank (ADB) has approved a $300 million policy-based loan to further strengthen economic management in Uzbekistan, which should lead to greater macroeconomic stability and sustained economic growth.