The Presidential Decree “On additional measures to provide the population with housing through mortgage lending based on market principles” was adopted.
The Embassy of the Republic of Uzbekistan in Japan held negotiations with the vice president of MUFG Bank, Ltd. Hitoshi Takeuchi and MUFG Bank Ltd employee Kentaro Quick.
The Asian Development Bank (ADB) today approved a US$100 million policy-based loan to help Uzbekistan undertake reforms to improve the enabling environment for small and medium-sized enterprises (SMEs) in the country. The loan will finance the first subprogram of ADB’s Small and Medium-Sized Enterprises Development Program and includes the equivalent of US$20 million denominated in local currency, the Uzbekistan sum.
On 7 December 2021, Uzsanoatqurilishbank JSCB (SQB) took part in a meeting with investors via videoconference within the framework of the Wood’s Winter Wonderland EME Conference.
Taking into account that, along with a decrease in annual inflation rates, a number of pro-inflationary risks remain in the global and domestic economy, as well as to ensure monetary conditions corresponding to the achievement of the inflation forecast in 2022, the Central Bank the basic rate unchanged at the level of 14% per annum.
The Board of the Central Bank of the Republic of Uzbekistan decided to keep the basic rate unchanged at 14.0% per annum.
On 6 December 2021, virtual signing ceremony of the Memorandum of Understanding (“MoU”) between Ministry of Finance of the Republic of Uzbekistan and TheCityUK took place. The MoU provides basis for bringing the UK experience and best practices to Uzbekistan’s capital market and supporting its development and regulation.
S&P Global Ratings today affirmed its ‘B-’ long-term issuer credit rating on Uzbekistan-based Ravnaq Bank (Ravnaq). The outlook remains negative.