Sunday, 21, December, 2025

Finances

Uzbekistan's financial sector is planned to be brought into compliance with all 29 core principles of effective banking supervision of the Basel Committee by 2026, the presidential press service said following a presentation made to the president on Thursday.

The World Bank’s Board of Executive Directors today approved a $100 million loan and a $5 million grant for Uzbekistan to implement the Access to Finance for Jobs and Growth Project (FINGROW). It will expand access to credit and private equity financing for capital-constrained micro, small, and medium enterprises (MSMEs).

The World Bank’s Board of Executive Directors has approved a $250 million financing package for Uzbekistan to improve municipal infrastructure and services for residents and businesses in 16 districts and cities across the country through the Livable and Productive Cities Program (LPCP).

The President Mirziyoyev signed a decree on November 27 designating the Central Bank as a body responsible for developing fintech.

The World Bank’s Board of Executive Directors approved a $250 million loan for Uzbekistan to support a program aimed at expanding equitable access to student financing in higher education and in technical and vocational education and training (TVET) (the EduImkon Program). Over the next three years, this program will help strengthen the student financing support system and expand access to tuition loans for an estimated 600,000 young people across the country. Around 80% of program funds will be directed toward providing loans for low-income students and women.

The Asian Infrastructure Investment Bank (AIIB) and the government of Uzbekistan signed a $500 million financing agreement for the Green and Sustainable Market Economy Transition Program, the bank's press service said.

An International Monetary Fund staff team, led by Mr. Yasser Abdih, met with Uzbekistan’s authorities from November 17 to 25, 2025 to discuss economic developments, the outlook, and policy priorities. At the end of the mission, Mr. Abdih issued the following statement:

Today, the president Shavkat Mirziyoyev hosted the president the Asian Development Bank Masato Kanda. At the beginning of the meeting, the ADB Governor congratulated Shavkat Mirziyoyev on the 30th anniversary of strategic partnership between Uzbekistan and ADB, and on Uzbekistan's assumption of the chairmanship of the Bank's Board of Governors in 2025-2026, the presidential press service said.

Uzbek authorities has refocused its bank privatisation agenda around Sanoat Qurilish Bank (SQB, BB/Stable), a more selective approach that could become a template for other state lenders but is unlikely to produce large-scale sales soon, Fitch Ratings said.

The Asian Development Bank (ADB) has approved a $300 million policy-based loan—$100 million of which is concessional—to support the Government of Uzbekistan’s ongoing efforts to expand access to finance for underserved micro, small, and medium-sized enterprises (MSMEs), particularly those led by women, while strengthening the country’s microfinance sector.

Monitoring by the Central Bank has identified violations in the official websites of 18 banks in September-October, the regulator's press service said.

Брокер Bullent уже давно ассоциируется с технологичным подходом, стабильностью и безупречной репутацией на финансовых рынках.

The Central Bank has approved regulation on minimum requirements for commercial banks when they issue loans. This was stated in the Bank’s October 28 Resolution. The novelties will take effect on January 29, 2026.

The Asian Development Bank (ADB) has approved a $100 million concessional loan to support Uzbekistan in enhancing the quality of science, technology, engineering, and mathematics (STEM) education in secondary schools. 

The French Development Agency (AFD) celebrated its 10th anniversary in Uzbekistan at the occasion of the visit of Mrs. Amélie Aubert, AFD Regional Director for Central and Eastern Asia, to Tashkent from October 14 to 16, 2025.

Standard Chartered arranges EUR 132.5 million financing for Joint-Stock Company “O'zbekiston Metallurgiya Kombinat” (Uzmetkombinat). Uzmetkombinat is the largest steel producer in Uzbekistan. This loan is supported by the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). Standard Chartered acted as Global Coordinator, Facility Agent, and Mandated Lead Arranger.

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The US dollar to soum exchange rate set by the Central Bank fell to its lowest since September 2023, the Central Bank said today.

IFC today announced the appointment of Riccardo Puliti as its new Regional Vice President for the Middle East and Central Asia region. Based in Dubai, UAE, Puliti will lead IFC’s efforts to mobilize the private sector and drive reforms to address some of the region’s most pressing challenges, with a focus on fostering job creation and sustainable development.