The state debt of Uzbekistan, attracted under state guarantees in foreign and domestic markets, as of 1 October 2020 made up US$20.8 billion, or 36.8 percent of GDP. This was reported by the Ministry of Finance of Uzbekistan.
On 10 December 2020, as a logical continuation of the measures taken to further increase the level of socio-economic and political-legal development of the country and work with international ratings and indices, as well as to further strengthen international cooperation, the Ministry of Finance in cooperation with the Ministry of Justice held the II International Forum "The importance of international rankings and indices for the ongoing reforms in the Republic of Uzbekistan". The forum was organized online on the Zoom platform.
On 10 December 2020, the Board of the Central Bank decided to keep the basic rate unchanged, at 14.0% per annum.
Sber has become the general partner to Russian Chapter: The Directors’ Climate Forum, an initiative launched by the World Economic Forum to raise awareness and build the competencies of board directors and executive bodies of Russian companies in sustainable development and climate change.
The Central Bank, together with the Ministry of Finance of Uzbekistan, held a meeting with representatives of the European Bank for Development and Reconstruction.
IFC, a member of the World Bank Group, is helping DAVR-BANK expand its financing for micro, small, and medium-sized enterprises (MSMEs) and women-owned businesses across Uzbekistan. While these business groups were already constrained from accessing finance, the COVID-19 pandemic made the situation worse. IFC’s US$5 million investment will provide critical working capital to help them continue their operations and stay afloat during the ongoing public health crisis.
Today, on 9 December, a meeting of the Senate Committee of the Oliy Majlis on Budget and Economic Reforms was held in the form of videoconference. The meeting discussed the state of implementation by the ministries of housing and communal services, transport and the khokimiyat of Navoi region of the Law of the Republic of Uzbekistan "On the State Budget of the Republic of Uzbekistan for 2020".
On 7 December 2020, an expanded meeting of the committees of the Senate of the Oliy Majlis on science, education and health, as well as issues of women and gender equality was held, dedicated to the preliminary discussion of the Law of the Republic of Uzbekistan “On the State Budget of the Republic of Uzbekistan for 2021”.
On 4 December 2020, a virtual round table was held to discuss priority reforms in public investment management.
On 3 December 2020, a meeting was held between the Deputy Prime Minister, Minister of Economic Development and Poverty Reduction Jamshid Kochkarov and First Deputy Chairman of the Board of Sovkombank Sergey Khotimsky to discuss possible directions for financing various promising projects in Uzbekistan.