Finance

A memorandum of understanding was signed between the Banking and Finance Academy and Kazan Federal University

During today’s meeting between the Banking and Finance Academy and Kazan Federal University, the parties discussed several priority joint areas of cooperation, such as:

Central Bank holds a meeting with the EAG Executive Secretary

As part of the second round of mutual assessment of the national system for combating money laundering and terrorist financing of the Republic of Uzbekistan, a meeting of the leadership of the Central Bank of the Republic of Uzbekistan with the Executive Secretary of the Eurasian Group on Combating Money Laundering and the Financing of Terrorism (EAG) Sergey Teterukov.

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A meeting was held with the Executive Secretary of the Eurasian Group on Combating Money Laundering and Terrorist Financing

On 14 June 2021, the Ministry of Finance held a meeting with the Executive Secretary of the Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG) Sergey Teterukov. The meeting was attended by representatives of the Department for Combating Economic Crimes under the Prosecutor General’s Office of the Republic of Uzbekistan.

Cities in Southern Uzbekistan to Improve Urban Infrastructure and Municipal Services, with World Bank Support

Residents of cities located in two southern regions of Uzbekistan will benefit from improved urban infrastructure and municipal services, thanks to Additional Financing for 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 US$100 million concessional credit. The International Development Association, the part of the World Bank Group, will provide it to the Government of Uzbekistan at a very low-interest rate and with a repayment period of 30 years.

Basic rate of Central Bank remains at 14% APR

The Board of the Central Bank of Uzbekistan decided to leave the policy rate unchanged on 10 June 2021.

Central Bank: The basic rate is kept at the level of 14.0% per annum

The Board of the Central Bank of the Republic of Uzbekistan decided to keep the basic rate unchanged at 14.0% per annum.

ADB to allocate US$100 million for the development of STEM education in Uzbekistan.

A memorandum on the implementation of a project worth US$100 million was signed between the Ministry of Public Education of the Republic of Uzbekistan and the Asian Development Bank (ADB). This was reported by the press service of the Ministry of Education and Science.

Mandate letter with the European Bank for Reconstruction and Development signed

On 9 June 2021, the Ministry of Economic Development and Poverty Reduction signed a mandate letter between the Ministry of Finance, Uzpromstroybank and the European Bank for Reconstruction and Development.

EBRD provides US$ 45 million to major lender in Uzbekistan

The European Bank for Reconstruction and Development (EBRD) is expanding its Green Economy Financing Facility (GEFF), launched in Uzbekistan in 2019, to support green finance for small private-sector companies investing in green technology solutions.

Outlooks On Three Uzbekistan-Based Financial Institutions Revised To Stable

S&P Global Ratings had revised its outlooks on National Bank For Foreign Economic Activity Of The Republic Of Uzbekistan (NBU), Ipoteka Bank JSCM, and KDB Bank Uzbekistan JSC (KDB Uzbekistan) to stable from negative.

Currency rates from 16/06/2021

$ 1 10616.02 +0.066%
€ 1 12870.86 +0.149%
₽ 1 147.76 +0.654%
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