Sunday, 17, November, 2019

Finances

Asian Development Bank (ADB) President Mr. Takehiko Nakao today met with the President of Uzbekistan Mr. Shavkat Mirziyoyev for the second time since Mr. Mirziyoyev became President. They agreed to further strengthen the almost 25-year partnership between ADB and Uzbekistan.

 Today, the Central Asia Regional Water Supply and Sanitation Conference convened participants from the five countries of the region in Tashkent, Uzbekistan, to discuss best practices for building climate-resistant water supply and sanitation services. 

On November 11, 2019, in Brussels the Minister of Foreign Affairs of Uzbekistan, Abdulaziz Kamilov and the Director General of the European Commission for International Cooperation and Development, Koen Doens signed agreements on financing technical assistance projects “Accession of the Republic of Uzbekistan into the World Trade Organization” and “Development contribution of the EU to the Multi-Partnership Trust Fund for Human Security for the Aral Sea region”.

On November 11, the President signed the new version of the Central Bank Bill into Law with immediate effect. The new version of the Law was developed taking into account the Central Bank's functions to ensure and maintain the stability of prices, the sustainability of the banking system and payment systems, the Central Bank said.

Dairy products consumers across Uzbekistan will enjoy a greater variety of cheeses by a popular local producer Tillo Domor following its expansion supported by the EBRD and Hamkorbank.

The Minister of Innovative Development of Uzbekistan, Ibrohim Abdurahmanov hosted a delegation led by the president of the Venture Fund Council of the  Union of Chambers and Commodity Exchanges of Turkey, Göktekin Dinçerler, the ministry said.

On November 8, at the Ministry of Investments and Foreign Trade was held a meeting with the director of financial operations at the Export-Import Bank of the Republic of Korea, Chang Yong-soo, the ministry said.

The EBRD believes the economy of Central Asia’s most populated state will continue its strong showing in 2020.

The President Shavkat Mirziyoyev signed the new version of the Banks and Banking Activities Bill into Law on November 5, with immediate effect.

President Shavkat Mirziyoyev ordered to cut inflation to 9.5% in 2022, said the head of State Budget Department at the Ministry of Finance, Jamshid Abruev at the presentation of the draft Citizens’ Budget on Friday.