Materials with tag «ministry of economy and finance»
National debt of Uzbekistan may reach $45 billion in 2025, with servicing costs increasing 1.4 times
Uzbekistan’s national debt is projected to increase from $39.7 billion to $45 billion in 2025, marking a 13.3% rise. The cost of servicing this debt is expected to reach 48.1 trillion soums, or approximately $3.5 billion, reflecting a 42.8% increase.
Uzbekistan becomes first country to receive World Bank carbon funds after reducing emissions
Uzbekistan reduced carbon emissions by 500,000 tons. As part of an earlier agreement, the World Bank awarded the country a $7.5 million grant. A part of these funds will be used to provide financial assistance to families most affected by the rise in electricity and gas tariffs.
EBRD loans $238 million to Uzbekistan to modernize key regional road
EBRD loaned Uzbekistan up to $238 million to reconstruct the road Urgench — Khonqa — Hazorasp — Toshsoqa — Amudaryo — A380 highway in Khorezm region, and build a bridge over the Amudaryo river. Following the reconstruction, the one-lane road will be expanded into a two-lane highway.
World Bank approves $50 million loan for Uzbekistan’s Digital Inclusion Project
Ministry of Economy and Finance of Uzbekistan and World Bank signed an agreement for a $50 million concessional loan to support the Digital Inclusion Project. This loan aims to expand access to IT skills for thousands of young people residing in rural areas across the country.
Official explains reasons behind gas and electricity tariffs increase
Gas and electricity production costs far surpass current tariffs unchanged since 2019, said a Finance and Economy Ministry official. Inflation has reached 66% over this period, he added. Agency for Social Protection noted that 1.5 million needy families will receive aid to cope with the price hike.
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