Thursday, 09, July, 2020

Finances

On July 6, in Seoul were held talks between the Deputy Prime Minister/ Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov and the Deputy Prime Minister/Minister of Economy and Finance of the Korea Republic Hong Nam-ki, the press service of the MIFT said in a statement.

On June 30, the Deputy Prime Minister/Minister of Investment and Foreign Trade of Uzbekistan Sardor Umurzakov hosted the Executive Director of the United States International Development Finance Corporation (DFC) Adam Boehler and discussed prospects of cooperation as part of strengthened Uzbek-US ties.

Uzbekistan that sold its first international bond just last year is eyeing up a green-debt sale, in the latest sign that sustainable finance has entered the mainstream.

The Asian Development Bank (ADB) today approved a $500 million loan to help the Government of Uzbekistan mitigate the adverse health and economic impacts of the coronavirus disease (COVID-19) pandemic.

IFC, a member of the World Bank Group, is providing a pre-privatization loan of up to $35 million equivalent in Uzbek Soum to Ipoteka-bank to expand the bank’s financing to small and medium enterprises (SMEs) in Uzbekistan. The financing will also help the state-owned bank transform into a commercially viable private bank.

The European Bank for Reconstruction and Development (EBRD) is providing a US$ 40 million loan to Sanoatqurilishbank (SQB for on-lending to Uzbekistan’s growing private sector.

Coca-Cola Ichimligi Uzbekiston joint venture is being prepared for privatization on an open bidding, the State Asset Management Agency said in a statement.

UzAssets investment company is being created in Uzbekistan, the Cabinet of Ministers' June 15 Additional Measures To Improve Privatization Processes Resolution said.

The Government of the Republic of Uzbekistan represented by the Ministry of Water Resources (MoWR) and the Government of Switzerland represented by the Swiss Agency for Development and Cooperation (SDC) signed the Agreement on the National Water Resources Management Project (NWRM) in Uzbekistan, Phase 2. The Agreement was signed by H.E. Mr. Olivier Chave, the Ambassador of the Swiss Confederation to Uzbekistan and Minister of Water Resources of the Republic of Uzbekistan Mr. Shavkat Khamraev.

On June 11, President Shavkat Mirziyoyev held talks with the president of the European Bank for Reconstruction and Development, Suma Chakrabarti, in the form of video conferencing, the presidential press service said.