An International Monetary Fund (IMF) staff team led by Ron van Rooden visited Tashkent from March 31 to April 13, 2022, for discussions in the context of the 2022 Article IV consultation with Uzbekistan. At the conclusion of the mission, Mr. van Rooden issued the following statement:
Uztransgaz will draw $57.5 million of an additional loan from Gazprombank for 2 years to extend the term of the previously received loan by $300 million and refinance current liabilities. This follows from the information of the Single Corporate Information Portal of the Ministry of Finance.
The Central Bank posted the Amendments and additions to the Regulation on procedure and conditions of issuing permits for banking activities Resolution.
OTP Bank has asked Uzbekistan to delay a deal that would see Hungary’s largest lender purchase a majority stake in Ipoteka Bank, Chairman and CEO Sandor Csanyi told Bloomberg.
Financial sanctions will be applied from 1 September against companies for anticompetitive actions. This is provided for by the presidential decree on improving the business environment of April 8.
In Q1 of 2022 the Central Bank increased the volume of foreign exchange interventions by 19% compared to the same period last year, the Bank said in a report.
Uzbekistan’s growth is expected to slow in 2022 due to lower investment and remittances from the Russian Federation before rising slightly in 2023, while green financing can support the country’s transition to a greener economy, a new Asian Development Bank (ADB) report says.
The European Bank for Reconstruction and Development is moving ahead with its plans to exclude the Russian Federation and Belarus from receiving funding for projects.
Fitch Ratings has affirmed Uzbekistan's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB-' with a Stable Outlook.
The Asian Infrastructure Investment Bank (AIIB) and the Republic of Uzbekistan have signed a USD108-million loan to electrify the Bukhara-Miskin-Urgench-Khiva railway line.
On March 24, the President signed the Measures implement the project "Tax Administration Reform with the participation of the World Bank" decree.