Tuesday, 26, May, 2020

Finances

EU Budget Support approved to assist with implementation of the new Uzbekistan Agri-food Development Strategy 2020-2030. The Government of Uzbekistan and the European Union have signed a Financing Agreement to provide 40 million EUR Grant Budget Support and Complementary Assistance for the reforms of Agri-food Sector of Uzbekistan.

National Bank for Foreign Economic Affairs (NBU), Uzbekistan’s largest bank by assets, plans a $300 million debut Eurobond issue, the Uzbek finance ministry said on Tuesday.

On March 5, President Shavkat Mirziyoyev hosted the President of the European Bank for Reconstruction and Development, Suma Chakrabarti, the presidential press service said.

The Board of the Central Bank decided to keep the interest rate at 16% per annum, the bank said today in a statement.

Presidents of all countries like to leverage their state visits to sign investment deals — and Uzbekistan's President Shavkat Mirziyoyev is no exception.

The OPEC International Development Fund provided US$ 54 million in a soft loan to Uzbekistan for a project to improve drinking water supply in 22 settlements of Namangan’s Yangikurgan district, the Foreign Ministry said.

The Uzbekistan Ministry of Energy jointly with the World Bank (WB) have announced a call for bids for the construction of two PV stations with a capacity of 200 MW each in Samarkand and Jizzakh provinces.

The first Tashkent International Investment Forum was due to take place between March 5-6, but now it will take place in fall “presumably”, a source in the government told the Tashkent Times.

Consumers in Uzbekistan will benefit from more choice thanks an expansion of the country’s leading food chain Korzinka, which is being supported by the EBRD with the Bank’s first equity investment in the country for a decade. This is a sign of growing investor confidence in the industry and in the country.

The main concern for Uzbekistan is the high inflation, Deputy PM/ Finance Minister, Jamshid Kuchkarov said at a meeting of the International Press Club Saturday.