The Senate of Oliy Majlis approved the law of the Republic of Uzbekistan “On the Accounting Chamber of the Republic of Uzbekistan”. The law establishes the legal status of the Accounts Chamber as the supreme body of external audit and financial control.
The volume of remittances between Uzbekistan and Russia in the first quarter of 2019 made up US$505 million, according to the data from the Central Bank of Russia.
The US State Treasury delegation headed by Deputy Assistant Secretary of the Treasury for Technical Assistance Policy Larry Macdonald visited the State Tax Committee.
A World Bank regional conference on public administration issues “Forming effective, accountable and comprehensive institutions” was held in Ankara (Turkey) on 11-12 June.
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of Uzbek Industrial and Construction Bank (UPSB), Joint Stock Commercial Bank Asaka (Asaka), OJSC Agrobank (Agro) and Microcreditbank (MCB) at ‘BB-’. The Outlook on all four banks is Stable. A full list of rating actions is at the end of this rating action commentary.
On 12 June, a meeting was held with the delegation of the US Treasury headed by Larry MacDonald, Deputy Assistant US Treasury for Technical Assistance Policy, at the Central Bank of Uzbekistan, during which issues of expanding cooperation in financial sector reform were discussed.
New heads of State Tax Inspectorate (STI) were appointed in Mirzo-Ulugbek, Yunusabad, Sergeli, Bektemir and Shayhantahur districts of Tashkent.
Raiffeisenbank and its head structure Raiffeisen Bank International (RBI) will hold a Banking Summit in Tashkent on 26 June.