By Demir Azizov – Trend: An Uzbek delegation headed by Deputy Prime Minister Ulugbek Rozukulov will on June 20 arrive in Dushanbe to participate in the Uzbek-Tajik talks, said the press service of the Uzbek Foreign Ministry.
Uzbekistan with 7.6 percent of real GDP growth has topped the Central Asian region and is second in the global index, according to the World Bank’s Global Economic Prospects report.
Governor of the East Kazakhstan region Danial Akhmetov and Ambassador Extraordinary and Plenipotentiary of Uzbekistan to Kazakhstan Ikrom Nazarov met recently to boost fruits and vegetables trade between the two countries, Kazakh-zerno reported.
The Senate of the Oliy Majlis (upper house of the Uzbek parliament) ratified the ‘textiles protocol’ to the partnership and cooperation agreement (PCA) between the EU and Uzbekistan at the plenary session, Trend’s correspondent reported.
Saudi Energy Minister Khalid al-Falih has held meetings with representatives of Norway, Egypt and Turkmenistan. The sides discussed the oil supply cut agreement. According to Reuters, all sides expressed willingness to cooperate.
Kazakh Parliament's lower house has ratified an agreement on the allocation of $100 million USD to Kyrgyzstan as an assistance for the country to adapt to the Eurasian Economic Union (EAEU).
A World Bank report released today, “Europe and Central Asia Economic Update: Trade in Transition,” notes that growth across the megaregion stretching from Europe to Eurasia is set to accelerate through 2017, following the slowdown sparked by 2014’s crash in oil prices. As Astana enters an upturn, sustaining reform momentum will be vital as will confronting corruption.
IMF: Kazakhstan should focus on strengthening macroeconomic frameworks, banking sector, diversify economy
In a 9 May “2017 Article IV Consultation with the Republic of Kazakhstan” the International Monetary Fund (IMF) has commended Kazakhstan’s authorities’ efforts in coping with the fluctuating oil prices and emphasized the banking sector weaknesses, particularly high non-performing loans, should be a top priority for the country’s officials.
Saudi Arabia will allocate nearly $200 million USD for the construction of new parliamentary and governmental buildings in Tajikistan, Asia Plus reports.
Despite government’s efforts to expand the production of localized import-substituting products, Uzbekistan has seen unreasonable growth in imports, which leads to inefficient use of foreign currency resources that could be directed at projects aimed at further expansion of domestic production and creation of new jobs. This was reported at the 19 April teleconference chaired by Uzbek President Shavkat Mirziyoyev. The teleconference addressed the strengthening of officials' personal responsibility of at all levels for optimizing the volume and structure of imports by deepening the localization of the production and increasing exports, Uzbek media reported.