On 9 March, a meeting of leaders and senior officials of the Ministry of Economy and Industry, the Ministry of Finance and the Central Bank of the Republic of Uzbekistan was held to discuss the impact of recent changes in global financial and commodity markets to Uzbekistan`s economy.
In accordance with the Decree of the President of the Republic of Uzbekistan dated 28 November 2019 No. UP-5886, citizens who wish to purchase an apartment in an apartment building in the primary market can, in the new order, contact these commercial banks to obtain mortgage loans.
Rating-Agentur Expert RA confirmed the sovereign government credit rating (SGC) of Uzbekistan at ‘BB-’ (Sufficient level of creditworthiness of the government) and at ‘BB-’ (Sufficient level of creditworthiness of the government) in foreign currency.
On 9 March 2020, the Banking Supervision Committee of the Central Bank of the Republic of Uzbekistan decided to issue preliminary permission to create a digital bank, ANOR BANK Joint-Stock Company in the city of Tashkent, Uzbekistan.
Uzpromstroybank (Uzbek Industrial and Construction Bank) signed a loan agreement to attract a credit line of the ICBC Standard Bank PLC in the equivalent of US$100 million.
The State Tax Committee has developed a draft resolution "On approval of the Regulation on the procedure for transferring to the state body the compulsory execution of the decision of the tax authority on the collection of tax debt from the debtor’s property."
On 5 March, Minister of Investment and Foreign Trade Sardor Umurzakov met with President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti, during which the parties discussed issues of bilateral cooperation, results of joint activities in 2019, the current state of ongoing projects and prospects for expanding cooperation in 2020.
By a decision from 5 March 2020, the Board of the Central Bank kept the basic rate at 16% per annum
On 5 March, President of the Republic of Uzbekistan Shavkat Mirziyoyev received the delegation of the European Bank for Reconstruction and Development, led by the President of this financial institution, Suma Chakrabarti.
In order to communicate the results of large-scale reforms realized in the country to reputable British think tanks and compilers of international ratings and indices, Deputy minister of finance of the Republic of Uzbekistan Odilbek Isakov met in London with the leadership of the British export credit agency “UKEF”, as well as representatives of research institutions “Economist Intelligence Unit”, “Legatum” Institute, and “Henry Jackson Society”.