Saturday, 19, April, 2025
Saturday, 19, April, 2025
Uzbekistan’s growth will slow in 2020 due to the COVID-19 pandemic and a lower price for natural gas and copper, but higher investments coupled with gains in industry and agriculture are expected to fuel a recovery in 2021, a new Asian Development Bank (ADB) report says.
Asian Development Bank (ADB) President Masatsugu Asakawa and Uzbekistan’s Deputy Prime Minister, Minister of Investments and Foreign Trade and ADB Governor Sardor Umurzakov today discussed how ADB can support Uzbekistan in its fight against the COVID-19 pandemic.
The World Bank’s Board of Executive Directors approved today a $500 million financing package for implementation of the Agriculture Modernization Project in Uzbekistan.
In 2020, Uzbekistan will take steps to borrow up to $ 1 billion from international financial institutions through soft loans and other sources to support the budget.
The Kuwait Fund for Arab Economic Development (KFAED) will provide $ 23.1 million in a loan to Uzbekistan for the Equipping Uzbekistan Medical Institutions Providing Urologic and Hemodialysis Services Project.
The Asian Development Bank (ADB) today announced a $6.5 billion initial package to address the immediate needs of its developing member countries (DMCs) as they respond to the novel coronavirus (COVID-19) pandemic. "This pandemic has become a major global crisis. It requires forceful action at national, regional, and global levels,” said ADB President Masatsugu Asakawa.
The World Bank’s Board of Executive Directors approved a $239 million credit from the International Development Association for financing of the Water Services and Institutional Support Project in Uzbekistan.
EU Budget Support approved to assist with implementation of the new Uzbekistan Agri-food Development Strategy 2020-2030. The Government of Uzbekistan and the European Union have signed a Financing Agreement to provide 40 million EUR Grant Budget Support and Complementary Assistance for the reforms of Agri-food Sector of Uzbekistan.
National Bank for Foreign Economic Affairs (NBU), Uzbekistan’s largest bank by assets, plans a $300 million debut Eurobond issue, the Uzbek finance ministry said on Tuesday.
On March 5, President Shavkat Mirziyoyev hosted the President of the European Bank for Reconstruction and Development, Suma Chakrabarti, the presidential press service said.
The Board of the Central Bank decided to keep the interest rate at 16% per annum, the bank said today in a statement.
Presidents of all countries like to leverage their state visits to sign investment deals — and Uzbekistan's President Shavkat Mirziyoyev is no exception.
The OPEC International Development Fund provided US$ 54 million in a soft loan to Uzbekistan for a project to improve drinking water supply in 22 settlements of Namangan’s Yangikurgan district, the Foreign Ministry said.
The Uzbekistan Ministry of Energy jointly with the World Bank (WB) have announced a call for bids for the construction of two PV stations with a capacity of 200 MW each in Samarkand and Jizzakh provinces.
The first Tashkent International Investment Forum was due to take place between March 5-6, but now it will take place in fall “presumably”, a source in the government told the Tashkent Times.
Consumers in Uzbekistan will benefit from more choice thanks an expansion of the country’s leading food chain Korzinka, which is being supported by the EBRD with the Bank’s first equity investment in the country for a decade. This is a sign of growing investor confidence in the industry and in the country.
The main concern for Uzbekistan is the high inflation, Deputy PM/ Finance Minister, Jamshid Kuchkarov said at a meeting of the International Press Club Saturday.
Uzbekistan is considering handing over the controlling stake in the Republican Stock Exchange (UZSE) to Korean partners, the Capital Market Development Agency (CMDA) said.
The Minister of Investments and Foreign Trade, S. Umurzakov met with the new vice president of the Asian Infrastructure Investment Bank (AIIB), K. Limitovsky, for whom the trip to Uzbekistan was the first official visit since the appointment.
The Banking Supervision Committee of the Central Bank of Uzbekistan on January 20 issued a provisional license to the Georgian TBC Bank to set up a bank in Tashkent, the CB said in a statement.