The Asian Development Bank (ADB) has raised its growth forecast for Uzbekistan for 2024 and 2025 after economic growth in the first half of 2024 outpaced expectations due to higher investment and strong expansion in industry. This was presented on 3 October by ADB Regional Lead Economist for the Central and West Asia Department Kiyoshi
IFC, a member of the World Bank Group, says it has signed an agreement with Ipak Yuli Bank to provide a syndicated loan of up to $42 million, aimed at increasing access to financing for smaller businesses and women entrepreneurs across Uzbekistan. With 25 percent of the funding earmarked for women-run businesses, this initiative is
On October 3, 15 years ago, the Agreement on the Establishment of the Cooperation Council of Turkic-Speaking States was signed in the city of Nakhchivan, which later evolved into the Organization of Turkic States (OTS). The Organization of Turkic States currently comprising Azerbaijan, Kazakhstan, Kyrgyzstan, Turkey, Uzbekistan, and Turkmenistan, with Hungary and the Turkish Republic
A teacher in Tashkent was fined 6.8 million soms ($534) for hitting a sixth-grade student who asked why she did not speak Russian during a Russian-language class, RFE/RL’s Uzbek Service reported. A video of the incident оn September 23 went viral, leading to the dismissal of the school principal. Russian Foreign Ministry spokeswoman Maria Zakharova said on
An Uzbek-Indian business forum was held in Tashkent on September 27 under the co-chairmanship of Deputy Prime Minister of Uzbekistan Jamshid Khojayev and Minister of Finance and Corporate Affairs of India Nirmala Sitharaman. The forum was also attended by Deputy Minister of Investment, Industry and Trade of Uzbekistan Shokhrukh Gulamov, as well as about 100
The Asian Infrastructure Investment Bank (AIIB) says it further solidified its long-standing partnership with Uzbekistan through a series of agreements signed at the Bank’s 9th Annual Meeting in Samarkand on September 25-26. The agreements follow the signing of a three-year rolling pipeline for sovereign-backed financed projects by Uzbekistan President Shavkat Mirziyoyev and AIIB President Jin Liqun in Beijing. This
Nikolai Podguzov, Chairman of the Management Board at the Eurasian Development Bank (EDB), spoke at the Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) in Samarkand on September 26 during the session titled New Uzbekistan – Big Country with Big Opportunities. The session was attended by Laziz Kudratov, Uzbekistan’s Minister of Investment, Industry and Trade,
A recent incident at a school in Uzbekistan between a teacher and a sixth-grader who asked her why she didn’t speak Russian in a Russian class has led to heated statements between Russian and Uzbek officials, RFE/RL’s Uzbek Service reported. The incident took place at a school in the capital, Tashkent, on September 23. A female teacher in
An exhibition, The Silk Roads, opened on September 26 at the British Museum in London, showcasing rare artifacts from Uzbekistan’s museum collections, among other exhibits. Saida Mirziyoyeva, Assistant to the President of Uzbekistan, attended the opening ceremony of the exhibition and said: “It is a great honor for me to participate in the opening of
The U.S. Agency for International Development (USAID) last week added $6.1 million in new funding to its ongoing Development Objective Grant Agreement (DOAG) with the Ministry of Preschool and School Education, raising the total amount invested in the DOAG to over $47 million. This new funding demonstrates USAID’s long-term commitment to supporting the Ministry’s comprehensive
