The EBRD is providing the micro finance fund IMON with a $1 million loan for on-lending to micro and small enterprises in Tajikistan.
The World Bank plans to extend US$300 million in fresh loans to Uzbekistan in the next three years, local media in Tashkent reported Thursday.
Uzbekistan, its capital flows strictly controlled by the state, will take a step towards a less rigid financial system in April by allowing its people to bring their cash back to the country without official enquiries.
The National Bank of Uzbekistan for Foreign Economic Activity (NBU) increased its assets 9.2% in 2007 to 4.21 trillion soums, the bank reported.
Legislative Chamber of Oliy Majlis of Uzbekistan passed a bill “On mandatory insurance of civic responsibility of employee” on its session on 13 February.
The charter capital of Ravnaq Bank reached 6.632 billion soums as of 1 January 2008 and its assets comprised 16.2 billion soums in the reporting period.
A delegation of the Arab Coordination Group (ACG) led by the president of the Islamic Development Bank, Ahmad Muhammad Ali, visited Uzbekistan at the beginning of July 2007, Narodnoye Slovo reported.
A Board of the Central Bank of Uzbekistan held a session to sum up 2007 results and set priority tasks for 2008. Chairperson of the Central Bank Fayzulla Mullajanov headed the session.