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Finance 30/10/2014 CBU: Uzbekistan improves ranking on “receiving loans” indicator
CBU: Uzbekistan improves ranking on “receiving loans” indicator
Tashkent, Uzbekistan (UzDaily.com) -- World Bank and International Finance Corporation (IFC) introduced changes to methodology of assessing some indicators of the report Doing Business. In the result, assessment on Uzbekistan on some indicators changed.

On 29 October, World Bank and IFC published the Doing Business 2015 and according to it, Uzbekistan’s position on “Receiving loans” fell from 99th place to 104th place.

At the same time, Doing Business 2014, published in 2013, Uzbekistan improved its position on this indicator from 154th to 130th place.

This means that Uzbekistan improved its position on indicator “Receiving loans” by 26 positions and moved to 104th place among 189 countries, Central Bank of Uzbekistan said.

The Uzbek regulator said that the growth on “Receiving loans” indicator shows positive reforms in sphere of credit information exchange and conducting deals under pledge. At the same time, there are reserves for further improving position of Uzbekistan on this indicator, Central Bank of Uzbekistan said.

Uzbekistan collected 7 points out of 8 on “Index of credit information depth”, which is higher than some OECD countries. Australia, Brazil, Czech Republic, Kazakhstan, Malaysia, Russia and Singapore have the same points as Uzbekistan.

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