Within the framework of the working visit of the Chairman of the Government of the Russian Federation Dmitry Medvedev to the Republic of Uzbekistan, VEB.RF and the National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) signed a loan agreement on the financing of the project for the supply of 5 metro trains, as well as related equipment and services for Tashkent metro.
The World Bank’s Board of Executive Directors approved a project that will help increase access to and improve the quality of early childhood education in Uzbekistan. The US$ 73.85 million Promoting Early Childhood Development Project is financed through a US$ 59.5 million credit from the International Development Association (IDA) and grants from the Global Partnership for Education (GPE) and the Global Partnership for Results-Based Approaches (GPRBA) in the amount of US$14.35 million.
The State Tax Committee of Uzbekistan completed the attestation of employees of the Tashkent tax authorities.
A regular meeting of the Legislative Chamber of the Oliy Majlis of the Republic of Uzbekistan was held on 28 May 2019. The deputies reviewed a report on the execution of the State budget and budgets of state trust funds of the Republic of Uzbekistan for 2018, submitted by the Cabinet of Ministers of the Republic of Uzbekistan.
Uzbekistan plans to join the International Islamic Trade and Finance Corporation and the Islamic Corporation for the Insurance of Investments and Export Projects.
Uzbekistan plans to build a plant for the production of contactless, microprocessor, and other plastic cards using German technology.
In accordance with Decree of the President of the Republic of Uzbekistan dated 27 May 2019, Ilkhomjon Abdugafarov was appointed as Deputy Chairman of the Central Bank of the Republic of Uzbekistan.
A new project approved by the World Bank’s Board of Executive Directors last week will advance Uzbekistan’s transition into a market-oriented economy by creating more economic opportunities and better jobs for its citizens. The $33 million credit from the International Development Association (IDA) will support the Institutional Capacity Building Project.
The Government of Uzbekistan plans to attract loans of the Arab Coordination Group (AGC) in the amount of US$2.2 billion in 2019-2021.
On 23 May 2019, Ambassador of Uzbekistan to Belgium Dilyor Khakimov held talks with President of the MasterCard division on emerging markets and Europe George Simon and manager for Georgia and Central Asia, Igor Stepanov.