Sunday, 22, December, 2024
Sunday, 22, December, 2024
The Asian Development Bank (ADB) has been appointed as a transaction advisor to the Ministry of Preschool and School Education and the Ministry of Economy and Finance to support the delivery of high-quality preschool education via public–private partnerships (PPPs) in Jizzakh, Kashkadarya, Surkhandarya and Tashkent provinces in Uzbekistan. ADB is already providing similar advisory services for developing 100 preschools in the Samarkand province.
The National Agency for Perspective Projects (NAPP) issued order setting licenses fees for crypto asset circulation service providers Tuesday, the Ministry of Justice said.
President Shavkat Mirziyoyev at the government meeting on Monday instructed the Uzbek banks to increase the share of SMEs in their loan portfolio, presidential press service said.
The Asian Infrastructure Investment Bank (AIIB) has approved USD 250 million in financing to support the acceleration of Uzbekistan’s climate transition towards a green, inclusive, and resilient economy.
The BOD of the Central Bank decided to keepthe interest rate unchanged at 13.5 percentage points per annum at its meeting today.
President Shavkat Mirziyoyev got acquainted with the programs for the transformation of metallurgical enterprises and their plans for 2025 on Monday.
Uzbekistan ranks first in Central Asia and the Caucasus and 33rd in the world in the global crypto asset adoption index. This follows from a study of the digital financial assets (DFA) market conducted by RISE Research in conjunction with Freedom Horizons with the participation of KPMG Caucasus and Central Asia, Heemera, the Astana International Financial Center, the National Payment Corporation of Kazakhstan and Mastercard.
The Asian Development Bank (ADB) has approved a $250 million in a loan to support the Government of Uzbekistan’s efforts to strengthen the institutional framework for the climate transition and accelerate climate change mitigation action.
Governor of the Central Bank Mamarizo Nurmuratov commented the adoption of restrictions on online loans in Uzbekistan at a press conference on Firday.
According to the main scenario projections of the Central Bank, the volume of remittances to Uzbekistan will grow by 25-30% this year, by 9-11% in 2025, by 9-12% in 2026, and by 10-15% in 2027. In recent years, the depreciation of the ruble exchange rate has been cited as the main risk affecting the decrease in the volume of transfers.
The Central Bank at its BOD meeting today decided to keep the interest rate at 13.5% with an aim to curb inflation and achieve its target at 5% in the medium term, the press service of the Central Bank said in a report.
In January-September 2024, the volume of money remittances to Uzbekistan increased by 34.8%, to reach $11.62 billion (in nine months of 2023, it stood at $8.4 billion), the governor of the Central Bank Mamarizo Nurmuratov announced at a press conference today.
Share of cash in the total money supply decreased even more in January-September, the Central Bank said in a review on cash circulation.
Economic growth in the developing economies of the Europe and Central Asia region is stabilizing after a series of crises but at levels well below the early-2000s, says the World Bank’s Economic Update for the region, released today.
The World Bank’s Board of Executive Directors approved a financial package of $800 million in highly concessional loans to support Uzbekistan’s reform agenda geared towards advancing the country’s transition to an inclusive and resilient market economy.
The Central Bank has accredited a representative office of the Export-Import Bank of China, the Bank’s press service said.
President Shavkat Mirziyoyev today landed in Samarkand to attend the annual meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB), the presidential press service said.
The Asian Development Bank (ADB) today approved a $300 million sector development program to support the Government of Uzbekistan’s efforts to expand access to finance for unbanked and underbanked microenterprises, fostering sustainable and inclusive growth in the country.
The Asian Infrastructure Investment Bank (AIIB) will hold its Ninth Annual Meeting of the Board of Governors, themed “Building Resilient Infrastructure for All,” on September 25-26, 2024, in Samarkand, Uzbekistan. It will be the bank's first meeting in Central Asia.
The European Bank for Reconstruction and Development (EBRD) is helping to decarbonise fertiliser production and power generation in Uzbekistan by financing a pilot renewable hydrogen facility. It will consist of a 20 MW electrolyser and a greenfield 52 MW wind power plant.