Finance

The results of the mission of the delegation of the International Monetary Fund were discussed

A meeting was held at the Central Bank between the leadership of the Central Bank of the Republic of Uzbekistan and the representatives of the delegation led by Ron van Ruden, the head of the mission for the country, regarding the results of the staff visit of the International Monetary Fund (IMF) representatives to Uzbekistan.

IFC launches new platform to bolster venture capital ecosystems in Africa, Middle East, Central Asia, and Pakistan

To help build the digital economy in Africa, Middle East, Central Asia, and Pakistan, IFC has launched a new US$225 million platform to strengthen venture capital ecosystems and invest in early-stage companies addressing development challenges through technological innovations in climate, health care, education, agriculture, e-commerce, and other sectors.

Latest News

Foreign Ministers of Uzbekistan and Canada discuss the prospects for establishing sister city relations between the regions of the two countries

04/12/2022Read more

Proposals for establishing partnerships between the regions of Uzbekistan and Portugal discussed

04/12/2022Read more

Vladimir Norov meets with the OSCE Representative on Freedom of the Media

04/12/2022Read more

OTP Bank resumes the process of acquiring Ipoteka-Bank

Hungarian OTP Bank continues to explore the possibility of buying Ipoteka Bank. This was stated in the bank’s report for the third quarter of 2022.

State Tax Committee, IMF discuss the impact of digitalization on the growth of tax revenues

A meeting was held between the leadership of the State Tax Committee and the delegation of the International Monetary Fund led by Ron Van Roden.

Legal entities and individual entrepreneurs to be able to open bank accounts remotely

From 1 May 2023, legal entities and individual entrepreneurs (IEs) will be able to open bank accounts remotely.

Uzbekistan abandons plans to buy US securities

Uzbekistan abandoned plans to buy US securities. This was reported by Bloomberg with reference to the words of the Deputy Chairman of the Central Bank of Uzbekistan Bekzod Khamraev.

ADB assists Uzbekistan in transition to International Financial Reporting Standards

The Asian Development Bank is assisting the Ministry of Finance (MOF) under the ongoing Small and Medium Enterprise Development Program to strengthen Uzbekistan’s capacity to adopt financial reporting based on International Financial Reporting Standards (IFRS) for small and medium-sized enterprises (SMEs).

The procedure for submitting reports and storing archival documents has been optimized

The President of Uzbekistan signed a Resolution, according to which:

Uzpromstroybank was awarded the certificate of CAFI - a platform for assessing climate change

The International Finance Corporation awarded a certificate of two categories for activities in financing green projects to Uzpromstroybank. Thus, it is recognized that the bank is one of the leading financial institutions in the Middle East and the Central Asian region.

Work continues in the CIS on the creation of the International Center for Assessing the Risks of Legalization (Laundering) of Income and Financing of Terrorism

A meeting of the expert group to agree on the draft Agreement on the Establishment of the International Center for Assessing the Risks of Legalization (Laundering) of Proceeds from Crime and Financing of Terrorism was held on 9 November 2022 at the CIS headquarters.

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