Thursday, 09, July, 2020

Finances

The European Bank for Reconstruction and Development (EBRD) is set for long-term cooperation with Uzbekistan, the Bank’s Managing Director for Central Asia and Russia, Natalia Khanzhenkova said in an interview to Jahon IA. She arrived in Tashkent on February 6 to discuss cooperation prospects.

The President of the European Bank for Reconstruction and Development (EBRD), Sir Sumi Chakrabarty is expected to visit Uzbekistan. The agenda of the visit was discussed on the Feb 6 meeting between the Uzbek Foreign Minister, Abdulaziz Kamilov and EBRD delegation headed by the Managing Director for Central Asia and Russia, Natalya Khanzhenkova.

The regulator announced that the Board of the Central Bank made a decision to keep the Bank’s rate unchanged at 9%. 

The Jan 18 Presidential Order "On Aral Sea region Development Program for 2017-2021" has established the Aral Sea region Development Fund under the Uzbek Ministry of Finance.

Uzbekistan will get a new bank. It will be called UzAgroEksportBank and is established pursuant to the Presidential Order of 24 January. The objectives of the bank is “to create favorable conditions for producers of agricultural products and individuals, financial support to export companies and building the capacity for exports of fruits and vegetables.

The Government of Uzbekistan as part of the Development Strategy for 2017-2021 will seek loans worth over $ 7.7 billion from international financial institutions.

The President Shavkat Mirziyoyev received the World Bank Vice-President for Europe and Central Asia, Cyril Muller, who arrived in our country on a working visit.

The Government of Uzbekistan has proposed a project to the Asian Development Bank (ADB) to attract a $ 100 million loan for the construction of a second solar power plant in Sherabad, Surkhandarya region.

Construction of the second stage of the Yunusabad line of Tashkent underground, for 2017-2019 , is estimated to cost 124.8 million US dollars. The estimated cost of the project is given in the Presidential Decree, approved in November and published on the Finance Ministry’s website on January 4.

The Finance Minister of South Korea and Deputy Prime Minister of Uzbekistan held a meeting Wednesday to discuss ways to bolster bilateral economic cooperation amid rising global uncertainties, the finance ministry said.