On December 3, the National Interbank Processing Center (NIPC) and the nd global payments technology company Mastercard announced the launch of acceptance of Mastercard card payments on the Humo system, NIPC said.
On October 9, President Shavkat Mirziyoyev signed a decree on Measures to improve the financial stability of Uzbekistan’s banking sector.
The Capital Market Development Agency (CMDA) prepared a bill proposing to lift the restrictions for issuing corporate bonds by limited liability companies.
The Asian Development Bank (ADB) has approved $200 million in loans that will help the Government of Uzbekistan reform its housing finance programs and provide families with more affordable mortgage products.
The Asian Development Bank (ADB) has approved a $300 million policy-based loan to further strengthen economic management in Uzbekistan, which should lead to greater macroeconomic stability and sustained economic growth.
The Uzbekistan interest rate will be cut, the Chair of the Central Bank, Mamarizo Nurmurodov said at a press conference on the main axes of monetary policy for 2020-2022.
The Uzbekistan’s GDP’s projected real growth in 2020 will be at 5.2–5.5%, while in 2021–2022 - at around 5.5–5.8%, the Central Bank of Uzbekistan said in a report on the main axes of monetary policies for 2020 and 2021−2022.