The Asian Development Bank (ADB) today approved a US$200 million policy-based loan to strengthen Uzbekistan’s power sector by improving its financial sustainability and ensuring adequate investment in critical infrastructure.
On 17 September 2020, the procedures for the entry into force of the "Convention between Japan and the Republic of Uzbekistan on Taxation", signed in December 2019 by the Ambassador Extraordinary and Plenipotentiary of Japan to the Republic of Uzbekistan EP Mr. Yoshinori Fujiyama and the Minister of Foreign Affairs of the Republic of Uzbekistan EP Mr. Abdulaziz Kamilov, were completed.
In the system of JSCB "Uzpromstroybank", together with local and foreign organizations, the anti-corruption policy will be radically revised, and an anti-corruption system operating on the basis of international standards will be introduced, the activities of an independent structure subordinate only to the Bank’s Council will be established.
In the implementation of large-scale reforms in the further development of the economy of our country, the creation of a number of facilities for society using modern Information Systems is of great importance at the present time.
Gazprombank, one of the largest financial institutions in Russia, plans to open its representative office in Uzbekistan.
On 23 September 2020, in the format of a video conference, a regional webinar of the Organization for Economic Cooperation and Development (OECD) was held on the topic: "Improving the legal environment for entrepreneurship in Central Asian countries", which was attended by members of governments, heads of ministries and departments of the investment and economic blocs of the countries of the region, as well as the heads of the EU missions and international financial institutions.
A government resolution “On organizing the activities of the Guarantee Fund for servicing public debt under the Treasury of the Ministry of Finance of the Republic of Uzbekistan” was adopted.
Resolution of the Cabinet of Ministers “On measures to ensure the stability of the State budget of the Republic of Uzbekistan for 2020 and optimize its costs” extended the suspension of certain payments to employees of budgetary organizations.
The volume of cross-border remittances from foreign countries to Uzbekistan in January-June 2020 made up about US$2.44 billion, which is 6% less compared to the same period in 2019. This was stated in the report of the Central Bank of Uzbekistan.