World Bank Vice President for Europe and Central Asia, Cyril Muller, welcomed the Government of Uzbekistan’s progress in transforming the economy and pledged the institution’s continued support for further reforms. Visiting Tashkent on January 16-17, he met with President Shavkat Mirziyoyev and senior government and parliamentary officials.
André Küüsvek has been appointed as EBRD Managing Director for Central Asia. He will be responsible for one of the most geographically diverse regions of the Bank’s operations, where the EBRD has invested US$ 15.6 billion (€14 billion).
The Cabinet of Ministers adopted a resolution aimed at the effective management of public debt and targeted use of borrowed funds.
At the extraordinary general meeting of shareholders of Hi-Tech Bank, held on 6 January 2020, it was decided to attract up to 15 million euros from the foreign company Trust Finance LTD (Great Britain, London) at 4.5% per annum as an investment.
Uzbekistan’s ministries and departments are meeting with a World Bank (WB) delegation led by Vice President for Europe and Central Asia, Cyril Muller, Dunyo reports.
On 17 January, President of the Republic of Uzbekistan Shavkat Mirziyoyev received the World Bank delegation led by Vice President Cyril Muller.
Agrobank has signed a loan agreement with the State Development Bank of China (CDB) for US$40 million.
The EBRD achieved a new record in Uzbekistan in 2019 with an annual investment of US$ 576 million (€517 million) through 13 private and public sector projects – an all-time high for the Bank in the country.