Presidential Resolution “On additional measures to increase the role and share of microfinance services in the development of entrepreneurial activity” was adopted.
On 6-8 November, A delegation of the Central Bank of the Republic of Uzbekistan took part in the international forum on the topic “Management of International Reserves” organized by the World Bank in Seoul (Korea), and also held meetings with leading Korean banks.
The Asian Development Bank (ADB) and Sanoat Qurilish Bank (SQB) signed a US$50 million senior convertible loan to support Uzbekistan’s privatization of state-owned banks, which will strengthen the banking sector, contribute to economic growth and job creation. The International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD) are parallel lenders.
Uzbekistan’s public debt at the end of six months of 2023 increased by US$2.3 billion and reached US$31.5 billion. This is stated in the budget message of the Ministry of Economy and Finance of Uzbekistan.
As of 1 November 2023, the volume of gold and foreign exchange reserves of Uzbekistan exceeded US$32.9 billion, the Central Bank of Uzbekistan reports.
Humo commented on problems with money withdrawal from ATMs.
The National Agency for Prospective Projects of the Republic of Uzbekistan suspended the license of the insurance company Kafolat Hayot Insurance from 7 November.
The volume of allocated mortgage loans in Uzbekistan in January-September 2023 reached 12.21 trillion soums. This was stated in the report of the Central Bank of Uzbekistan. The growth of mortgage loans compared to the same period in 2022 was 18.1%.