Wednesday, 15, July, 2020

Finances

The European Union and the French Development Agency (FDA) on July 10 approved funding of 1.5 million euros for a safe medical waste disposal project in Samarkand, the agency’s said.

US$500 million agriculture modernization project finance agreement was signed with the World Bank on July 11. On behalf of Uzbekistan, the agreement was signed by the Deputy PM/Minister of Investment and Foreign Trade Sardor Umurzakov, while on behalf of the World Bank, Regional Director for Central Asia Lilia Burunciuc.

Asian Development Bank (ADB) President Masatsugu Asakawa and Uzbekistan’s Deputy Prime Minister, Minister of Investments and Foreign Trade, and ADB Governor Sardor Umurzakov today discussed ADB’s ongoing support for Uzbekistan’s fight against the coronavirus disease (COVID-19) pandemic and the bank’s portfolio of projects in the country.

On July 6, in Seoul were held talks between the Deputy Prime Minister/ Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov and the Deputy Prime Minister/Minister of Economy and Finance of the Korea Republic Hong Nam-ki, the press service of the MIFT said in a statement.

On June 30, the Deputy Prime Minister/Minister of Investment and Foreign Trade of Uzbekistan Sardor Umurzakov hosted the Executive Director of the United States International Development Finance Corporation (DFC) Adam Boehler and discussed prospects of cooperation as part of strengthened Uzbek-US ties.

Uzbekistan that sold its first international bond just last year is eyeing up a green-debt sale, in the latest sign that sustainable finance has entered the mainstream.

The Asian Development Bank (ADB) today approved a $500 million loan to help the Government of Uzbekistan mitigate the adverse health and economic impacts of the coronavirus disease (COVID-19) pandemic.

IFC, a member of the World Bank Group, is providing a pre-privatization loan of up to $35 million equivalent in Uzbek Soum to Ipoteka-bank to expand the bank’s financing to small and medium enterprises (SMEs) in Uzbekistan. The financing will also help the state-owned bank transform into a commercially viable private bank.

The European Bank for Reconstruction and Development (EBRD) is providing a US$ 40 million loan to Sanoatqurilishbank (SQB for on-lending to Uzbekistan’s growing private sector.

Coca-Cola Ichimligi Uzbekiston joint venture is being prepared for privatization on an open bidding, the State Asset Management Agency said in a statement.