Central and West Asia

Sum of Measures 1—5 (Total Package)

Total Package in USD Million: 32
% of GDP (2019): 0.06%
% of Regional Total Package: 0.08%
Package Per Capita in USD: 0.98
Note: Measures 9 and 10 are added to the sum of Measures 1-5.
Measure Amount (Local) Amount (USD) Details Update Source
01 - Liquidity Support info_outline
01A - Short-term lending info_outline
01B - Support policies for short-term lending info_outline
01C - Forex operations info_outline
02 - Credit creation info_outline
02A - Financial sector lending/funding info_outline
02B - Support policies for long-term lending info_outline

No amount/estimate: April 14, Uzbekistan’s central bank cut policy rates by 100bps, from 16% to 15%.

02C - Loan guarantees
03 - Direct long-term lending info_outline
03A - Long-term lending info_outline
03B - Forbearance

No amount/estimate: (i) The Central Bank suggested banks defer loan payments for firms in sectors affected by COVID-19; (ii) State-owned banks are extending maturities of loan repayments for the affected sectors, including for the national air carrier.

04 - Equity support info_outline
05 - Government support to income/revenue UZS307,000,000,000 USD32,132,398
05A - Health

No amount/estimate: Expand funding for healthcare, including for (i) medicines, (ii) the costs of quarantines, and (iii) salary supplement for medical employees.

05B - Non-health UZS307,000,000,000 USD32,132,398

No amount/estimate: (i) Increase the number of low-income families receiving social benefits; (ii) Provide assistance to affected businesses via interest subsidies; (iii) Finance public works in different regions to improve infrastructure and support employment; (iv) Temporary reduction of social contributions for individual entrepreneurs; (v) Postponing surcharges on tourism, property tax, and land tax; (vi) Extending the moratorium on tax audits; (vii) Delaying tax declarations for 2019 income taxes (until August); (viii) The central government also asked local governments to (a) reduce taxes by 30%; and (b) provide a 6-month grace period on paying property tax; (ix) As of June 10, under the “Generosity and Support” Fund, over 540,000 families have received assistance amounting to UZS307 billion.

06 - Budget reallocation info_outline
07 - Central bank financing government
07A - Direct lending & reserve drawdown
07B - Secondary purchase: government securities
08 - International Assistance Received UZS7,074,517,741,200 USD740,460,000
08A - Swaps info_outline
08B - International loans/grants UZS7,074,517,741,200 USD740,460,000
08B1 - Asian Development Bank UZS471,978,468,000 USD49,400,000

(i) Primary Health Care Improvement Project (USD18 million); (ii) Nonsovereign Operations: Trade Finance Program (Additional Financing) (USD4.28 million); (iii) Country Support under TA 9950-REG: Regional Support to Address the Outbreak of COVID-19 and Potential Outbreaks of Other Communicable Diseases (USD1.69 million); (iv) May 14, USD4.5 million pipeline medical/pharmaceutical deals for the Trade Finance Program in Uzbekistan; (v) May 18, USD20.86 million in grants to help Uzbekistan procure medical equipment and supplies to fight the pandemic; (vi) June 3, Developing a Disaster Risk Transfer Facility in the Central Asia Regional Economic Cooperation Region (Additional Financing) - USD0.07million.

08B2 - Other UZS6,602,539,273,200 USD691,060,000

World Bank: April 24, USD95 million financing package (i) 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) April 30, 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) May 18, USD375 million under the IMF's Rapid Financing Instrument (RFI) and Rapid Credit Facility (RCF); (iv) As of May 26, 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) As of May 26, USD17.16 million from the Islamic Development Bank to finance purchasing of medical supply and equipment for the specialised medical facility of 10,000 beds for treatment of the COVID-19 infected patients in Tashkent.

09 - International Assistance Provided
09A - Swaps info_outline
09B - International loans/grants
10 - No breakdown
11 - Other Economic Measures
12 - Non-Economic Measures

(i) Restricting travel (including international flights, domestic public transportation, and movement by car); (ii) Closing borders (except for trade), closing schools and universities and all stores except grocery stores and pharmacies; (iii) Quarantine and self-isolation measures; (iv) Cancelling public events and religious gatherings; (iv) Uzbekistan will keep quarantine and zoning or red, yellow and green zones depending upon coronavirus situation until August 1 [update]; (v) Uzbekistan restarts international flights to the countries with improved epidemiological situation since June 15. Flights are allowed to diplomats, specialists of foreign companies working in Uzbekistan in investment projects, people crossing the country by transit, foreign citizens registered in Uzbekistan and citizens of Uzbekistan registered abroad. [update]