Uzbekistan

No amount/estimate: 14 April 2020, Uzbekistan’s central bank cut policy rates by 100bps, from 16% to 15%. On September 8, this was further reduced to 14%, where it has since remained unchanged.

(i) No amount/estimate: Extending the moratorium on tax audits; (ii) No amount/estimate: Delaying tax declarations for 2019 income taxes (until August); (iii) No amount/estimate: The central government also asked local governments to provide a 6-month grace period on paying property tax; (iv) Postponing surcharges on tourism, property tax, and land tax.

(i) No amount/estimate: The central government also asked local governments to reduce taxes by 30%; (ii) No amount/estimate: 20 May 2020, Self-employed citizens were exempted from income tax; (iii) No amount/estimate: 20 July 2020, Tax exemption for restaurants as well as individuals/businesses deriving rent income. (iv) No amount/estimate: Items (i) and (ii) were extended until 31 December 2020; (v) No amount/estimate: From 1 May 2020 to 1 July 2020, The social tax rate for MSMEs was reduced from 12% to 1%; (v) No amount/estimate: Temporary reduction of social contributions for individual entrepreneurs.

(i) No amount/estimate: Increase the number of low-income families receiving social benefits; (ii) As of 10 June 2020, under the “Generosity and Support” Fund, over 540,000 families have received assistance amounting to UZS307 billion.

No amount/estimate: Provide assistance to affected businesses via interest subsidies.

No amount/estimate: Finance public works in different regions to improve infrastructure and support employment.

(i) Primary Health Care Improvement Project - USD19.5 million; (ii) Nonsovereign Operations: Trade Finance Program (Additional Financing) - USD127.02 million (with an additional USD52.23 million co-financed) for 2020. An additional USD66.2 million was allocated in 2021 ; (iii) Country Support under TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases - USD1.87 million; (iv) 3 June 2020, Developing a Disaster Risk Transfer Facility in the Central Asia Regional Economic Cooperation Region (Additional Financing) - USD0.07million; (v) 25 June 2020, COVID-19 Active Response and Expenditure Support - USD500 million; (vi) 1 July 2020, Promoting Digital Finance Solutions for Inclusive Finance among Partner Financial Institutions - USD0.15 million; (vii) 13 July 2020, Addressing Health Threats in the Central, West, and East Asia Region - USD0.38 million; (viii) 30 July 2020, COVID-19 Response and Healthcare Improvement Project - USD100 million; (ix) 24 July 2020, Due Diligence and Capacity Development of Trade Finance Program Banks - USD0.06 million; (x) 4 August 2020, Assessment of Socio-economic Impacts of COVID-19 and Institutional Strengthening for Policy Responses - USD0.65 million; (xi) 14 August 2020, Economic Management Improvement Program (Subprogram 1 Additional Financing) - USD0.3 million; (xii) 14 September 2020, COVID-19 Emergency Response - USD3 million; (xiii) 6 October 2020, Capacity Development for the Supply Chain Finance Program - USD0.26 million; (xiv) 5 November 2020, Creating Investable Cities in Post-COVID-19 Asia-Pacific: Enhancing Competitiveness and Resilience through Quality Infrastructure - USD0.11 million; (xv) 18 November 2020, Supporting Startup Ecosystem in the Central Asia Regional Economic Cooperation Region to Mitigate Impact of COVID-19 and Support Economic Revival - USD 0.05 million; (xvi) 26 November 2020, Addressing Health Threats in the Central, West, and East Asia Region (Additional Financing) - USD0.04 million; (xvii) 9 December 2020, Economic Management Improvement Facility - USD0.15 million.; (xviii) 22 September 2021, USD0.06 million technical assistance under "Fostering Regional Cooperation and Integration throughKnowledge and Capacity Building of Trade and Supply Chain Finance Program Banks".

(i) World Bank: 24 April 2020, USD95 million financing package to strengthen the capacity of the national health system in areas like disease surveillance, testing, equipment, and facilities for the treatment of critically ill patients, including ventilators and Intensive Care Units (about USD38 million) and help the Government extend the program of low-income family allowances and provide one-off unemployment benefits (USD57 million); (ii) 30 April 2020, USD200 million in additional development policy financing to support Uzbekistan’s ongoing health, social, and economic policy responses to the crisis caused by the COVID-19 pandemic; (iii) 18 May 2020, USD375 million under the IMF's Rapid Financing Instrument (RFI) and Rapid Credit Facility (RCF); (iv) 26 May 2020, USD3.9 million from USAID to prepare laboratory systems, activate case-finding and event-based surveillance, support technical experts for response and preparedness, bolster risk-communications, and more; (v) 26 May 2020, USD17.16 million from the Islamic Development Bank to finance purchasing of medical supply and equipment for the specialized medical facility of 10,000 beds for treatment of the COVID-19 infected patients in Tashkent; (vi) 28 July 2020, USD902,000 worth of medical and laboratory equipment from the United States Centers for Disease Control and Prevention (CDC) to Uzbekistan’s Ministry of Health; (vii) 6 November 2020, USD4.08 million from the World Bank - Additional Financing Emergency COVID-19 Response Project.