Although poverty rates in Central Asia continue to decline overall, the pace of poverty reduction is slowing, according to new data released by the World Bank. High levels of poverty remain in pockets of rural and remote areas, which also suffer from lack of employment opportunities, say new Poverty Outlooks for Central Asian countries, released ahead of International Day for the Eradication of Poverty on 17 October.
Uzbekistan plans to form a regulatory framework for creation of private pension funds in the country, said Atabek Nazirov, director of the Capital Market Development Agency.
On October 7, President Shavkat Mirziyoyev chaired a meeting dedicated to the development of Uzbekistan's stock market, the presidential press service said.
Amendments are being drafted to the Central Bank of Uzbekistan Law, which propose to increase by 500 times the authorized capital of the Uzbekistan Central Bank from the current 2 billion to 1 trillion soums.
TheCityUK and the Capital Markets Development Agency of the Republic of Uzbekistan today signed a landmark Memorandum of Understanding (MoU) to support increased access and co-operation between the UK and Uzbekistan.
The Asian Development Bank (ADB) has approved a $60 million loan to construct hydropower plants (HPPs) capable of adding 25 megawatts (MW) capacity, which will help the Government of Uzbekistan achieve its goal of diversifying the country’s energy mix through greater use of clean energy sources and lowering carbon emissions.
The Asian Development Bank (ADB) has approved a $150 million loan to Uzbekistan to increase the access of livestock farmers and entrepreneurs to finance, markets, and veterinary and other animal health services, which will help increase their productivity and contribution to the national economy.
The European Investment Bank and the Ministry of Investment and Foreign Trade of the Republic of Uzbekistan signed today in Tashkent a Memorandum of Understanding paving the way for a EUR 100m investment program designed to join in international efforts to recover the Aral Sea.
The volume of Uzbekistan's total external debt as of July 1 reached US$ 20.7 billion, recording a 20% or US$ 3.4 billion increase year-to-date, the Central Bank said in a report.