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lending

News about lending: events, facts and developments on tafs uz.

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Shavkat Mirziyoyev ordered to abolish excessive requirements in loan issuance

At a meeting on the socio-economic development of Kashkadarya region, President of Uzbekistan Shavkat Mirziyoyev stated that of 102 types of documents requested when obtaining a loan, 53 duplicate data from information systems, and 22 are unrelated to lending. He also ordered the development of the 'Chim' mahalla as a model and the expansion of the Andijan experience of new financial products.

3 min read

Siluanov called on the IMF to return to its core tasks away from "optional" ones

Russian Finance Minister Anton Siluanov, ahead of the IMFC meeting in Bangkok on October 15-17, called on the IMF to return to its original, purely economic mandate. He criticized the fund's weakening of its three functions - surveillance, lending, and capacity development - pointed to the high concentration of its credit portfolio (over 61% of outstanding credit with the five largest borrowers), repeated breaches in 56% of programs with QPC waivers, and uneven application of rules. Siluanov urged the IMF to focus on macroeconomic policy analysis, set specific corrective measures, and strengthen oversight of systemically important reserve currency issuers.

3 min read