IFC is providing a $150 million financing package, and helped mobilize more than $1 billion in private financing, for a modern thermal power plant in Uzbekistan’s Syrdarya region. The plant will help meet the country’s growing demand for energy while supporting its decarbonization and energy transition efforts.
Uzbekistan signed an agreement on founding of a $500 million Turkic Investment Fund on March 16 at an extraordinary Turkic Summit in Ankara.
Globally, women earn about 80% of what men earn on average. But the gap is larger in Central Asia: working women earn about 60% of what men earn in Tajikistan, 61% in Uzbekistan, 75% in the Kyrgyz Republic, and 78% in Kazakhstan.
President signed a decree instructing to complete integration of ATMs for Humo and Uzcard payment systems by May 2023, and for POS - by the end of 2023, the president’s spokesman Sherzod Asadov said.
The Central Bank of Uzbekistan proposed to amend the statute on capital adequacy requirements for commercial banks. The Bank’s draft has been posted for public input until March 7.
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Equity stakes of Orient Finans Bank, a privately-owned bank have changed. Deals with 52.5% of the bank's shares worth of 580.5 billion soums took place on the stock exchange.
The Asian Development Bank (ADB) has approved a $150 million policy-based loan and a $400,000 grant to improve economic management in Uzbekistan.
The European Bank for Reconstruction and Development (EBRD) has launched the EBRD AgVenture competition, welcoming submissions from all of the economies where the EBRD invests, in an effort to support innovative early-stage agribusiness ventures.
Japanese banks will provide financial support to Uzbektelecom, the Japanese newspaper Nikkei Shimbun reported. Reportedly, Japan Bank for International Cooperation (JBIC) and Mitsubishi UFJ Bank will provide 19.3 billion yen (150 million US dollars) in financial support to Uzbektelecom. The funds will be contributed to purchase Japanese equipment for the development of IT infrastructure in Uzbekistan.
Memorandum of Understanding was signed at the Ministry of Investments, Industry and Trade of Uzbekistan between the European Bank for Reconstruction and Development and Uzbekistan on the holding of the 32nd annual meeting of the Board of Directors of EBRD on May 16-18 this year in the city of Samarkand.
Moody's Investors Service ("Moody's") has today upgraded the Government of Uzbekistan's long-term issuer and senior unsecured ratings to Ba3 from B1 as well as the senior unsecured MTN program ratings to (P)Ba3 from (P)B1, and changed the outlook to stable from positive.
In the first nine months of 2022, Uzbekistan’s public debt reached $26.2 billion. In Q3, it rose by about $300 million, but overall year-to-date it has decreased by $100 million, the Ministry of Finance said in a report.
The Asian Development Bank (ADB) has signed a financing package of up to $8.39 million with Nephrocare Health Services Central Asia (NephroPlus) to set up four dialysis centers through a public-private partnership (PPP), the ADB press office said.