The Asian Development Bank (ADB) has approved an $80 million loan for the electrification of 145 kilometers (km) of railway in Uzbekistan, linking the cities of Pap, Namangan, and Andijan. The electrified track is part of the Central Asia Regional Economic Cooperation (CAREC) Corridor 2, a critical transport link in the region.
On April 11, 2017, the World Bank and the Government of Uzbekistan signed a US$50 million Credit Agreement for the Modernizing Higher Education Project that will support the country in strengthening the management of its higher education system and improving its quality and relevance to the labor market.
On April 12-13, 2017, Tashkent’s Kurgazma Savdo Markazi exhibition center will host the annual exhibition of banking services, equipment and technologies - BankExpo-2017.
The Uzbek Senate hosted the meeting between the first Deputy Chairman of the Senate, Sodiq Safoev with the World Bank’s Acting Country Manager for Uzbekistan, Jan-Peter Olters.
On March 31, 2017, President Shavkat Mirziyoyev signed a decree on creation of the State Committee for Investments, a body which will be responsible for coordinating the formation and implementation of a common government investment policy and attracting foreign investment.
On March 16, 2017, the President of Uzbekistan, Shavkat Mirziyoyev received the President of the European Bank for Reconstruction and Development, Suma Chakrabarti.
On March 16, 2017, the Uzbek Foreign Minister, Abdulaziz Kamilov met with the President of the European Bank for Reconstruction and Development, Suma Chakrabarti, who arrived in Uzbekistan as the head of the EBRD delegation, a statement of the Foreign Ministry said.
The President Shavkat Mirziyoyev with his March 13 Decree "On additional measures to expand the scale of construction of affordable housing in Tashkent city for 2017-2021" has established a joint-stock housing construction and savings Poytakht Bank, a statement of the Central Bank said.
The Competition Committee together with the Research Center, the Central Securities Depository and Tashkent Stock Exchange developed Uzbekistan’s Secondary Securities Market Development Concept for 2017-2018.
Today an EBRD delegation, headed by the President Suma Chakrabarti will arrive in Uzbekistan, a statement in the Bank's website said.
The Central Bank of Uzbekistan will on March 10 issue 10 thousand soum banknotes, a source in the CBU disclosed. “The 144×78 mm note printed on protected paper will have internationally acceptable features such as watermark and security thread with 3D-effect”. - the source added.
In the Senate of Oliy Majlis was held a meeting of the Deputy Chairman of the Senate, Sodiq Safoyev with the head of Tashkent representative office of Commerzbank AG, B. Tönz.
The Central Bank of Uzbekistan will issue new higher value 10 thousand soum banknote, a source at the central bank and the government said.
The European Bank for Reconstruction and Development (EBRD) is set for long-term cooperation with Uzbekistan, the Bank’s Managing Director for Central Asia and Russia, Natalia Khanzhenkova said in an interview to Jahon IA. She arrived in Tashkent on February 6 to discuss cooperation prospects.
The President of the European Bank for Reconstruction and Development (EBRD), Sir Sumi Chakrabarty is expected to visit Uzbekistan. The agenda of the visit was discussed on the Feb 6 meeting between the Uzbek Foreign Minister, Abdulaziz Kamilov and EBRD delegation headed by the Managing Director for Central Asia and Russia, Natalya Khanzhenkova.
The regulator announced that the Board of the Central Bank made a decision to keep the Bank’s rate unchanged at 9%.
The Jan 18 Presidential Order "On Aral Sea region Development Program for 2017-2021" has established the Aral Sea region Development Fund under the Uzbek Ministry of Finance.
Uzbekistan will get a new bank. It will be called UzAgroEksportBank and is established pursuant to the Presidential Order of 24 January. The objectives of the bank is “to create favorable conditions for producers of agricultural products and individuals, financial support to export companies and building the capacity for exports of fruits and vegetables.
The Government of Uzbekistan as part of the Development Strategy for 2017-2021 will seek loans worth over $ 7.7 billion from international financial institutions.
The President Shavkat Mirziyoyev received the World Bank Vice-President for Europe and Central Asia, Cyril Muller, who arrived in our country on a working visit.