In October 2022, the average price level in the consumer market of Uzbekistan increased by 1.2%. In January-October 2022, the increase in prices in the consumer sector of Uzbekistan reached 9.4% with an average monthly value of 0.9%, the State Statistics Committee of Uzbekistan said.
The United Nations Development Programme in partnership with the Ministry of Finance are conducting a series of Financing Dialogues aimed to discuss the draft of the Integrated National Financing Strategy for Uzbekistan and to prioritize the implementation plan. This two-day event, comprised of thematic discussions with key partners, will help to compile a final draft of the strategy.
The license of Khalq Sug’urta Insurance Company has been suspended for 6 months. This was reported by the press service of the Agency for the Development of the Insurance Market.
Insurance company Agros Hayot increases its authorized capital to 47 billion soums.
From 24 to 28 October 2022, Morocco, Kingdom of Morocco hosts the World Social Security Forum organized by the International Social Security Association (ISSA).
On 25 October 2022, 5-year government debt securities with a total volume of 200.0 billion soums were placed in the auction held at the Republican currency exchange of Uzbekistan. The fixed coupon payment of these government debt securities is 17% per annum.
The Monetary Policy Guidelines reflect the measures to be implemented in the monetary policy, the response of the Central Bank to changes in external and internal economic conditions, approaches to conducting monetary policy and prospects for improvement in 2023 and 2024-2025, the Central Bank of Uzbekistan said in a statement.
A regular meeting of the Board of the Central Bank of the Republic of Uzbekistan is currently taking place.
According to the State Statistics Committee, in the structure of investments in fixed assets disbursed from centralized sources of financing in January-September 2022, the volume of investments from foreign loans guaranteed by Uzbekistan reached 8.3 trillion soums.
The Central Bank, in cooperation with the International Finance Corporation (IFC), organized a training seminar for employees of commercial banks responsible for lending to business entities on the topic "Financing based on movable assets".