On 23 December 2020, the Central Bank of Uzbekistan hosted a regular meeting of the Sub-Commission on Interbank Cooperation of the Republic of Uzbekistan with the Russian Federation in an online format.
In accordance with the order of the Agency for the development of the insurance market under the Ministry of Finance of the Republic of Uzbekistan, the limited liability Company HAMKOR SUG‘URTA was issued a license of the SF series No. 00005 from 18 December 2020, for the implementation of voluntary and compulsory insurance by class 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, and 17 branches of General insurance, including compulsory insurance of civil liability of vehicle owners, compulsory insurance of civil liability of the employer and compulsory insurance of civil liability of the carrier.
President of the Republic of Uzbekistan Shavkat Mirziyoyev signed a decree on the appointment of the Deputy Chairman of the Central Bank.
Fitch Ratings has affirmed Uzbekistan-based Uzagrosugurta Joint-Stock Company’s Insurer Financial Strength (IFS) Rating at ‘BB-’. The Outlook is Stable.
The off-budget Pension Fund under the Ministry of Finance denied reports on social networks about a twofold increase in the size of pensions.
The British government approved technical assistance to start the second phase of studying the concept of creating an International Financial Center in Tashkent (TIFC).
On 19 December 2020, the Board of Directors of the Islamic Development Bank (IDB) approved financing of two large-scale and economically significant projects in Uzbekistan for a total of US$509.2 million, the press service of the Ministry of Investment trade said.
During the tenth plenary meeting of the Senate of the Oliy Majlis, the report of the Minister of Finance of the Republic of Uzbekistan on the execution of the State budget of the Republic of Uzbekistan for nine months of 2020 was heard.
At the tenth plenary meeting of the Senate, the laws of the Republic of Uzbekistan “On the State Budget of the Republic of Uzbekistan for 2021”, “On Amendments and Additions to Some Legislative Acts of the Republic of Uzbekistan in Connection with Improving the Budget Process”, “On amendments and additions to some legislative acts of the Republic of Uzbekistan in connection with the adoption of the Law of the Republic of Uzbekistan “On the State Budget of the Republic of Uzbekistan for 2021” were discussed.
The World Bank’s Board of Executive Directors today approved a US$500 million Development Policy Operation (DPO) to support further reforms to strengthen the transparency and inclusiveness of Uzbekistan’s ambitious economic and social transformation.