Saturday, 26, September, 2020

Finances

President Shavkat Mirziyoyev instructed to unify regulations in the field of the capital market by the end of 2020, the Deputy Head of the Capital Market Development Agency, Sherzod Egamberdiev announced today.

Many accords were signed during the official visit of Shavkat Mirziyoev to Japan. In particular, Japan will provide 346 million yen (US$ 3.2 million) in a grant to improve the quality of life of households in the Aral Sea region.

The Japanese Prime Minister, Shinzo Abe at the press briefing told that Japan will provide yen loans for a number of projects in Uzbekistan, in particular for the construction of a new high energy-efficient thermal power plant in Navoi, (Navoi-3 CCPP) as part of the Navoi TPP Modernization Program.

Minister of Public Education Mr. Sherzod Shermatov and Deputy Country Director of Asian Development Bank’s (ADB) Uzbekistan Resident Mission Mr. Enrico Pinali have signed an agreement for ADB to advise on a public-private partnership (PPP) to help rehabilitate and construct public schools in Sergeli district of the capital city, Tashkent.

The Deputy Director of the Institute for Strategic and Interregional Studies think-tank under the President, Sanjar Valiev believes that it is necessary to accelerate the process of the Uzbekistan’s accession to the World Trade Organization (WTO).

Deputy Prime Minister Mr. Jamshid Kuchkarov and Officer-in-Charge of ADB’s office in Uzbekistan Mr. Enrico Pinali on 12 December signed loan agreements totaling $500 million for improving economic management and developing Uzbekistan’s mortgage market sector. 

On December 3, the National Interbank Processing Center (NIPC) and the nd global payments technology company Mastercard announced the launch of acceptance of Mastercard card payments on the Humo system, NIPC said.

Patients of healthcare centres in Uzbekistan will benefit from better care and hygiene standards following the introduction of modern medical manufacturing facilities in Uzbekistan, supported by the EBRD.

The President Mirziyoyev by his Nov. 30 decree transformed the National Bank for Foreign Economic Affairs (NBU) from unitary enterprise into a joint-stock company.

On October 9, President Shavkat Mirziyoyev signed a decree on Measures to improve the financial stability of Uzbekistan’s banking sector.