Joint and separate meetings of the International Monetary Fund and the World Bank Group in a virtual format were held on 11-17 October.
The Central Bank has developed a draft resolution of the Central Bank of the Republic of Uzbekistan "On amendments and additions to the Regulation on the procedure for classifying the quality of assets and the formation of reserves to cover possible losses on assets, as well as their use in commercial banks" and posted for discussion on the portal www.regulation.gov.uz.
Representatives of the Embassy of Uzbekistan held a meeting in London with the managing director for CIS markets of ICBC Standard Bank Vladimir Guber and his deputy Anna Abramenko, Dunyo news agency reported.
More than 70 specialists of the Ministry of Finance of the Republic of Uzbekistan, territorial financial bodies, and local authorities improved their skills in the participatory budgeting administration. The series of "Participatory Budgeting" workshops was organized on October 19-21, 2021, with UNDP assistance under the Program of Bilateral Cooperation between the Ministry of Finance of the Republic of Uzbekistan and the Ministry of Finance of the Russian Federation.
In Uzbekistan, all types of insurance will be carried out electronically. The President of Uzbekistan signed a resolution "On additional measures to digitalize the insurance market and develop the life insurance sector."
On 20 October this year, the International Monetary Fund and the World Bank held an online event on "SDGs and bonds: for shared impact" on the sidelines of their annual meeting.
At the twentieth plenary meeting of the Senate of the Oliy Majlis, the law “On Amendments to the Law of the Republic of Uzbekistan “On the state budget of the Republic of Uzbekistan for 2021” was considered.
The base rate of the Central Bank of Uzbekistan was left unchanged at 14% per annum, in order to reduce inflation to 10% by the end of the year amid accelerating economic growth, maintaining factors that increase prices in economy and uncertainty associated with the degree of their impact, as well as achieving a 5% inflation target in the future.
In Uzbekistan as of October 2021 property tax is paid by 7,443,782 individuals.
2nd CIS Islamic Banking and Finance Forum will convene in Tashkent – Uzbekistan on October 21, 2021 to explore and discuss innovative financial inclusion strategies that can create clear pathways to financial and economic Solutions. AlHuda CIBE organizing the 2nd CIS Forum with the collaboration of Multilateral Partner Islamic Corporation for the Development of the Private Sector- ICD. ICD is one of the premier Islamic multilateral financial institutions for the development of the private sector.