The European Bank for Reconstruction and Development (EBRD) responded to the coronavirus pandemic challenges in Central Asia’s most populated country by pledging US$521 million (€429 million) through 18 projects in various sectors of the national economy. The EBRD resources were used to support the country’s banking sector and SMEs access to finance, upgrade key infrastructure and promote the development of renewable energy.
The Central Bank of the Republic of Uzbekistan, in order to improve the quality of analysis of the effectiveness of the operating mechanism, as well as to provide financial market participants with unified generalized information on the current state of the money market, have developed indicators (benchmark) of the money market - UZONIA (Uzbek Overnight Index Average) and UZWIA (Uzbek Weekly Index average).
In 2020, the Department of State Financial Control and its territorial divisions carried out 4,729 control measures to ensure compliance with budget discipline and targeted use of budget funds. As a result, there were cases of violations of budget discipline, shortage of funds and inventory, as well as unjustified expenses in the amount of 246 billion soums, of which 168.8 billion soums were restored to the budget.
Recently, cases have become more frequent when citizens of the Republic of Uzbekistan, based on false advertising of foreign organizations posted on websites and offering to make big money in a short time, transfer funds to foreign countries.
According to the Regulations "On the procedure for exchange and withdrawal from circulation of 50 and 100 soum coins, as well as 50, 100, 200, 500 soum banknotes of the old sample of the Central Bank of the Republic of Uzbekistan" from 1 July 2020 have ceased to be valid as legal payment:
The resolution of the Cabinet of Ministers of the Republic of Uzbekistan "On the procedure for managing tax risks, identifying taxpayers with tax risks and on the procedure for organizing and conducting tax audits" from 7 January was adopted.
The Regulation on the procedure for organizing and conducting tax audits was approved by the Government resolution.
Uzbekistan plans to master investments in fixed assets in the amount of more than 251.08 trillion soums in 2021.