The Islamic Development Bank (IDB) has extended a credit line to three commercial banks of Uzbekistan.
Uzbekistan plans to attract large volume of investments from Arab Financial Institutions, Foreign Economic Relations, Investments and Trade Minister of Uzbekistan Elyor Ganiyev told at the meeting of the Arab Coordination Group today.
Mr Liqun Jin, Vice-President of the Asian Development Bank (ADB) arrived in Uzbekistan on 30 June with four-day visit.
Islamic Development Bank (IDB) and three Uzbek commercial banks signed agreements on opening credit line of IDB on 3 July.
The Asian Development Bank (ADB) will support the Government of Uzbekistan to reform public finance management through its US$20.7 million loan.
Uzbekistan plans to reform motor third-party liability insurance (MTPL insurance) in 2007-2008, Interfax reported citing Uzbek official.
On 14 June, 2007 the European Trust Bank signed an agreement with the National Bank of Uzbekistan for Foreign Economic Activity on accession to Migom money transfer system, which heralds the start of cooperation in cash remittance and receipt, the press-centre of the European Trust Bank said.
The World Bank Board of Executive Directors today discussed the Joint Country Support Strategy for the Kyrgyz Republic. It presents a core strategy of five development partners to support the Kyrgyz development agenda for the period 2007-2010.
The Executive Directors of the International Bank for Reconstruction and Development (the “Bank”) met on Monday, 25 June, to select a new President of the Bank. In doing so, the Executive Directors expressed appreciation to Mr. Paul Wolfowitz as departing President of the World Bank Group.
In the first quarter of this year, guest workers in Russia sent over US$1.2 billion through different international money transfer systems to the countries of CIS. Most money is sent to Ukraine - US$220 million, followed by Tajikistan - US$198 million, Uzbekistan - US$178 million, Armenia - US$133 million, Azerbaijan - US$115 million, Moldavia - US$114 million, and Georgia - US$102 million.