Thursday, 21, November, 2024
Thursday, 21, November, 2024
Uzbekistan is selling $1 billion of Eurobonds in its first foray into international debt markets as the ex-Soviet republic opens its economy to foreign investment after more than two decades of isolation.
Uzbekistan plans to follow up an upcoming $1 billion international bond market debut with regular debt sales while the country’s banks are also expected to seek funds overseas, fund managers said on Tuesday.
Moody's has today assigned a first-time long-term issuer rating to the Government of Uzbekistan at B1. The outlook is stable. In addition, Moody's has also today assigned a provisional rating of (P) B1 to Government of Uzbekistan's forthcoming medium-term note program and a B1 rating to the planned drawdown from the program.
Asian Development Bank’s (ADB) Director General for Central and West Asia Department Mr. Werner Liepach visited Uzbekistan from 7 to 11 February.
S&P Global Ratings assigned its ‘BB-’ long-term foreign currency rating to the proposed benchmark-size U.S. dollar-denominated senior unsecured notes to be issued by Uzbekistan (BB-/Stable/B).
Uzbekistan will hold a “road show” (meeting with investors) in the cities of New York, Boston (USA) and London (United Kingdom) from 7 to 14 February 2019.
The Asian Development Bank (ADB) has approved a $2 million regional technical assistance grant to support the development of railways in Central Asia Regional Economic Cooperation (CAREC) countries.
The Senate yesterday approved the specimen and design of the new 100 thousand soum denomination bill, thus raising the highest note from 50,000 soums, the Central Bank said in its telegram channel.
Power supply in south Uzbekistan will be significantly improved thanks to the construction of the additional generation capacity at existing Talimarjan power plant (TPP) with the help of a up to US$ 240 million sovereign loan provided by the EBRD to JSC Uzbekenergo. The project will be the largest EBRD investment in Uzbekistan to date.
The Tax Committee of Uzbekistan has recommended employers to increase the pay of employees, the Committee said on its Facebook page.
The Asian Development Bank (ADB) has approved a US$4.5 million cluster regional technical assistance grant to support an increase in regional power trade in Central Asia Power System (CAPS) and explore potential reconnection of Turkmenistan to CAPS and its further expansion to Afghanistan.
On 21 December 2018, S&P Global Ratings assigned its ‘BB-/B’ long- and short-term foreign and local currency sovereign credit ratings to Uzbekistan. The outlook is stable. The transfer and convertibility (T&C) assessment is ‘BB-’.
The Asian Development Bank (ADB) has appointed Ms. Cindy Malvicini as its new Country Director for Uzbekistan. Ms. Malvicini will lead ADB operations in Uzbekistan and supervise the development and implementation of the bank’s Country Operations Business Plan for 2019–2021 and the Country Partnership Strategy.
Fitch Ratings has assigned Uzbekistan Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of 'BB-'. The Outlooks are Stable, the agency said.
Residents of three cities in Uzbekistan will benefit from improved municipal services and urban infrastructure, thanks to the Medium-Size Cities Integrated Urban Development Project, approved today by the World Bank’s Board of Executive Directors. The project will be supported by a $100 million loan from the International Bank for Reconstruction and Development (IBRD, a member institution of the World Bank Group).
The Uzbek Senate has approved the 1.1% of GDP deficit state budget for 2019 at its 17the session on Thursday. The 2019 draft budget, passed this week by the Legislative Chamber, was presented by the Deputy PM/Minister of Finance Jamshid Kuchkarov.
The French IDEMIA will help Uzbekistan to launch its first FinTech lab, which enable people to create and test new technologies together with a pool of partners and experts.
The Ministry of Finance presented the Citizens Budget for the draft 2019 state budget, prepared as part of the joint project with UNDP “Promoting Public Finance Management Reform in Uzbekistan” with the financial support of the British Embassy.
Uzbekistan plans to obtain its sovereign credit rating by the year-end, and in Q1 2019 to issue eurobonds, Deputy PM/Finance Minister Jamshid Kuchkarov said.
The Board of Directors of the French Development Agency (AFD) has approved a loan of 150 million euros to Uzbekistan to finance state budget spending, the draft presidential decree said.