No censorship: Uzbek government cancels the ban on publication of some information
Four types of information will cease to be secret. This is provided for by a governmental decree signed on February 1, Kun.uz correspondent reported referring to the Telegram channel of the Ministry of Justice.
This is being done in fulfillment of the presidential decree “On additional measures to diversify sources of external financing” which deals with obtaining a sovereign credit rating and issuing the first ever Eurobonds.
Since the successful issuance of bonds requires transparency, now the ban on official publication is lifted from:
• information on total mineral reserves, production and sales, as well as the flow of funds;
• financial reports from the Fund for Reconstruction and Development, the Almalyk and Navoi mining and metallurgical combines since 2013;
• information on gold reserves and their structure until 1 January 2017;
• information about the total amount of public and state guaranteed debt (domestic and foreign), their sources, currency form, interest rates, as well as data on the acquisition of this money in the context of organizations and their return.
Earlier, it was reported that Uzbekistan had not been transparent enough for a long time and many foreign investors did not trust the official statistics of the country. In particular, the IMF experts noted that the published statistics strongly contradicted reality.
In recent years, the government has begun to gradually reveal more and more information. So, for example, at the end of 2017, the volume of the country's gold and currency reserves became known. In May 2018, the National Summary Data Page of Uzbekistan started operating, at that time the Central Bank began to disclose data on remittances and in early September on shuttle trade.
Related News
17:44 / 04.09.2024
Entrepreneurs’ surcharge for excess electricity and gas consumption to be reduced tenfold
15:16 / 21.06.2024
Consumers who install energy-saving devices to receive 15% discount on current tariff for 3 years
11:16 / 16.11.2023
Business Development Bank to allocate more than $1 billion to support small companies
11:21 / 17.10.2023