Monday, 23, September, 2019

Finances

First Deputy Minister of Housing and Communal Services Mr. Dilshod Azimov and Country Director of Asian Development Bank’s (ADB) Uzbekistan Resident Mission Ms. Cindy Malvicini signed the memorandum of agreement to advise on public-private partnerships (PPPs) to improve municipal water infrastructure in Samarkand, Bukhara, Namangan and Karshi.

Raiffeisen Bank will organize banking summit on June 26 in Tashkent. According to Raiffeisen Bank, the summit is the evidence of growing interest in the world to the socio-economic reforms aimed at improving Uzbekistan’s financial and investment climate.

Joint meeting of the Senate committee on international relations, foreign economic relations, foreign investments and tourism and the committee for budget and economic reforms was held today.

The World Bank’s Board of Executive Directors approved a project that will help increase access to and improve the quality of early childhood education in Uzbekistan.

Uzbekistan plans to join the International Islamic Trade Finance Corporation (ISTFC) and the Islamic Corporation for the Insurance of Investments and Export Credit (ICIEC).

The Russian National Development Institute (VEB.RF) state corporation will provide 100 million euros to finance the deal for supply of Russian energy equipment to Uzbekistan, the head of the state corporation Igor Shuvalov.

A new project approved by the World Bank’s Board of Executive Directors last week will advance Uzbekistan’s transition into a market-oriented economy by creating more economic opportunities and better jobs for its citizens. The $33 million credit from the International Development Association (IDA) will support the Institutional Capacity Building Project.

The Board of the Uzbekistan Central Bank has agreed to issue a banking license to the Joint-Stock Commercial Tenge Bank.

Timur Ishmetov has been appointed First Deputy Finance Minister, a source in the government told the Tashkent Times. Previously since 2017, he worked as the first deputy chairman of the Central Bank.

The Asian Development Bank (ADB) has approved a $170 million loan to help improve Uzbekistan’s railway fleet through the procurement of 24 state-of-the-art electric locomotives. The new locomotives will enhance the performance of the railway system by offering cleaner, more reliable, and efficient passenger and freight transport services.