Uzbekistan to launch 5 small hydro power stations (24.7 MW) and 416 micro-plants (12 MW) in Kashkadarya by 2025.
https://www.spot.uz/ru/2025/06/20/hydroelectricity/
https://www.spot.uz/ru/2025/06/20/hydroelectricity/
Spot
В Узбекистане в 2025 году заработают пять новых малых ГЭС на 24,7 МВт
В Кашкадарье построят 416 микро-ГЭС с кинетическими турбинами, которые будут использовать поток воды в арыках и каналах.
Emerging-market pivot: JPMorgan recommends Uzbek sovereign debt over Dubai bonds
https://www.tradingview.com/news/invezz:aef4de2a3094b:0-jpmorgan-prefers-uzbekistan-over-dubai-s-real-estate-bonds-here-s-why/
https://www.tradingview.com/news/invezz:aef4de2a3094b:0-jpmorgan-prefers-uzbekistan-over-dubai-s-real-estate-bonds-here-s-why/
TradingView
JPMorgan prefers Uzbekistan over Dubai’s real estate bonds: here’s why
JPMorgan Chase and other fund managers are swarming into emerging markets as volatility clouds global financial assets amidst the escalating Israel-Iran conflict, according to a recent Bank of America survey.Emerging markets were hit rather significantly…
New $78mln initiative between Vision Invest, SUEZ and the Ministry of Ecology aims to industrialize hazardous waste treatment and fuel production.
https://timesca.com/uzbekistan-signs-78-million-deal-with-saudi-and-french-firms-to-manage-hazardous-waste/
https://www.gazeta.uz/ru/2025/06/23/waste/
https://timesca.com/uzbekistan-signs-78-million-deal-with-saudi-and-french-firms-to-manage-hazardous-waste/
https://www.gazeta.uz/ru/2025/06/23/waste/
The Times Of Central Asia
Uzbekistan Signs $78 Million Deal with Saudi and French Firms to Manage Hazardous Waste
Uzbekistan has signed a landmark $78 million agreement with Saudi Arabia’s Vision International Investment Company (VIIC) and France’s Suez International to
Moody’s upgrades outlook on six Uzbek state banks to Positive, affirming Ba3 rating.
https://www.moodys.com/research/Moodys-Ratings-takes-rating-actions-on-six-state-owned-banks-in-Rating-Action--PR_508512
https://www.moodys.com/research/Moodys-Ratings-takes-rating-actions-on-six-state-owned-banks-in-Rating-Action--PR_508512
AME International allocates $15mln to open private children’s clinic in Kokand.
https://www.spot.uz/ru/2025/06/23/ame-kokand/
https://www.spot.uz/ru/2025/06/23/ame-kokand/
Spot
AME International планирует открыть в Коканде частную детскую клинику
В ней будут работать отделения педиатрии и онкологии. Стоимость проекта составит $15 млн.
Mikrokreditbank JSCB (MCBA) secures $50mln from ODDO BHF to support Uzbek SMEs.
https://mkbank.uz/en/press_center/news/mikrokreditbank-atb-ix-germaniya-o-zbekiston-biznes-forumi-doirasida-oddo-bhf-bank-bilan-50-million-/
https://mkbank.uz/en/press_center/news/mikrokreditbank-atb-ix-germaniya-o-zbekiston-biznes-forumi-doirasida-oddo-bhf-bank-bilan-50-million-/
JSCB “Microcreditbank”
Mikrokreditbank JSCB signs $50 million contract with ODDO BHF Bank within the framework of the IX German-Uzbek Business Forum
During the business forum, the Microcreditbank delegation held bilateral negotiations with a number of large German banks.
S&P upgrades outlook on National Bank of Uzbekistan and KDB Uzbekistan Bank JSCB to Positive, affirms BB-/B ratings.
https://disclosure.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3379967
https://disclosure.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3379967
TBC Bank Uzbekistan JSCB attracted $12.5mln from the Dutch Triple Jump.
https://ffnews.com/newsarticle/funding/tbc-bank-uzbekistan-secures-12-5-million-from-dutch-impact-investor-triple-jump/
https://ffnews.com/newsarticle/funding/tbc-bank-uzbekistan-secures-12-5-million-from-dutch-impact-investor-triple-jump/
FF News | Fintech Finance
TBC Bank Uzbekistan Secures $12.5 Million from Dutch Impact Investor Triple Jump
TBC Bank Uzbekistan (TBC UZ), the country’s largest digital bank, announces today it has secured $12.5 million from Dutch impact investor Triple Jump to further diversify its funding base and increase financial inclusion in Uzbekistan by accelerating the…
Overview of the macro developments in Uzbekistan by one of the international advisory firms.
https://www.msn.com/en-us/money/markets/macro-advisory-uzbekistan-is-in-need-of-another-gear/ar-AA1HgLtw
https://www.msn.com/en-us/money/markets/macro-advisory-uzbekistan-is-in-need-of-another-gear/ar-AA1HgLtw
MSN
MACRO ADVISORY: Uzbekistan is in need of another gear
By Chris Weafer CEO of Macro-Advisory Ben Aris in Berlin Uzbekistan has recorded remarkable growth over the past six years. The value of GDP has doubled, to over $100bn last year, and the average income of the population has risen threefold. That growth was…
Uzbekistan’s financial sector has grown around 9-fold since 2017, but state-owned banks remain dominant, with stress tests showing many would need recapitalization if hit by adverse shocks.
https://www.imf.org/en/Publications/CR/Issues/2025/06/23/Republic-of-Uzbekistan-Financial-Sector-Assessment-Program-Financial-System-Stability-567987
https://www.imf.org/en/Publications/CR/Issues/2025/06/23/Republic-of-Uzbekistan-Financial-Sector-Assessment-Program-Financial-System-Stability-567987
IMF
Republic of Uzbekistan: Financial Sector Assessment Program-Financial System Stability Assessment
This inaugural Financial Sector Assessment Program (FSAP) in Uzbekistan took place against the backdrop of a strong and resilient economy undergoing wide-ranging reforms. The main objectives of the authorities’ strategy for developing the banking sector are…
WB to provide $150mln to support development of hydro power systems.
https://www.worldbank.org/en/news/press-release/2025/06/25/uzbekistan-to-enhance-energy-production-through-hydropower-with-world-bank-support
https://uz.kursiv.media/2025-06-25/vb-vydelit-150-mln-na-razvitie-malyh-ges-v-uzbekistane/
https://www.worldbank.org/en/news/press-release/2025/06/25/uzbekistan-to-enhance-energy-production-through-hydropower-with-world-bank-support
https://uz.kursiv.media/2025-06-25/vb-vydelit-150-mln-na-razvitie-malyh-ges-v-uzbekistane/
World Bank
Uzbekistan to Enhance Energy Production through Hydropower with World Bank Support
The World Bank has approved a $150 million concessional credit to support Uzbekistan in implementing a new project aimed at developing its potential in the small hydropower sector and strengthening electricity supply across the country.
The report by WB notes Uzbekistan's progress in economic reforms while highlighting key challenges and recommendations.
https://www.worldbank.org/en/country/uzbekistan/publication/cem-2025
https://www.worldbank.org/en/country/uzbekistan/publication/cem-2025
World Bank
Uzbekistan - Country Economic Memorandum: Fostering Private Sector-Led Growth and Global Integration
The World Bank’s latest Country Economic Memorandum for Uzbekistan analyzes the country’s economic trajectory from 2010 to 2022.
Uzbekistan launches $1.2bln pharma initiative to boost regional exports.
https://www.euronews.com/business/2025/06/24/uzbekistan-builds-pharma-ambitions-with-12bn-investment-in-regional-production-and-export-
https://www.euronews.com/business/2025/06/24/uzbekistan-builds-pharma-ambitions-with-12bn-investment-in-regional-production-and-export-
euronews
Uzbekistan expands pharma production with €1.2bn investment
Uzbekistan is rapidly scaling up its pharmaceutical sector with the launch of Tashkent Pharma Park — a €1.2 billion project uniting research, logistics, manufacturing and training.
Exports evolve: Uzbekistan moves from raw materials to processed products since 2017.
https://www.apk-inform.com/en/news/1548804
https://www.apk-inform.com/en/news/1548804
Apk-Inform
Uzbekistan's export focus is shifting from raw materials to processed products
Between 2017 and 2024, Uzbekistan’s exports noticeably changed toward more technologically advanced and processed goods. This is shown by an analysis conducted by experts from the Institute for Macroeconomic and Regional Studies, reports.
IMF praises Uzbekistan’s reforms, projects strong growth and stable inflation.
https://www.imf.org/en/Publications/CR/Issues/2025/06/23/Republic-of-Uzbekistan-2025-Article-IV-Consultation-Press-Release-and-Staff-Report-567977
https://www.imf.org/en/Publications/CR/Issues/2025/06/23/Republic-of-Uzbekistan-2025-Article-IV-Consultation-Press-Release-and-Staff-Report-567977
IMF
Republic of Uzbekistan: 2025 Article IV Consultation-Press Release; and Staff Report
Uzbekistan has made remarkable progress in its transition to a market-oriented
economy. Far-reaching economic reforms have transformed the economy and
spurred capital inflows which, combined with buoyant remittances and favorable
commodity prices, have driven…
economy. Far-reaching economic reforms have transformed the economy and
spurred capital inflows which, combined with buoyant remittances and favorable
commodity prices, have driven…
Uzbekistan named top sustainable development improver in Eastern Europe & Central Asia – SDR 2025.
https://sdgtransformationcenter.org/reports/sustainable-development-report-2025
https://sdgtransformationcenter.org/reports/sustainable-development-report-2025
sdgtransformationcenter.org
Sustainable Development Report 2025
The Sustainable Development Report (SDR) reviews progress made each year on the SDGs since their adoption by all UN Member States in 2015. Ahead of the 4th International Conference on Financing for Development (Ff4D) in Seville, Spain, this 10th anniversary…
CBU updates banking sector on NPL levels as of June 2025.
https://cbu.uz/ru/statistics/bankstats/2563349/
https://cbu.uz/ru/statistics/bankstats/2563349/
Центральный банк Республики Узбекистан
Информация о проблемных кредитах коммерческих банков по состоянию на 1 июня 2025 года