The upcoming legislation focuses on stricter lending rules. Lenders will face lowered government-set interest rates, enhanced borrower assessment protocols, and restrictions on new loans for those who have delayed repayments for over 90 days.
The leaders of Pakistan, Turkey and Iran arrived in Uzbekistan on Thursday for a regional economic summit, amid a diplomatic push by the Muslim countries to assert their influence in Central Asia.
French President Emmanuel Macron concluded his two-day tour of Central Asia on Saturday, visiting Kazakhstan and Uzbekistan in a bid to boost France’s strategic and economic interests in the region.
Uzbekistan, a Central Asian country with a predominantly Muslim population, has been praised for its efforts to reform its religious policies and improve its human rights record under President Shavkat Mirziyoyev, who came to power in 2016.
Kazakhstan was in national mourning on Sunday after a fire at an ArcelorMittal mine killed 45 people, the worst accident in the Central Asian country’s post-Soviet history.
The ongoing war between Israel and Hamas, which began on October 7, 2023, has drawn mixed reactions from the countries of Central Asia, a region that shares historical, cultural and religious ties with the Middle East.
According to a statement on the government’s website, the ban is aimed at preserving secularism and preventing the propagation of any religious dogma in schools.
n a sweeping crackdown on organized crime, Kyrgyzstan’s security services have arrested dozens of suspected gangsters, seized millions of dollars’ worth of illicit assets, and killed the country’s most notorious crime boss.
President Biden met with the leaders of five Central Asian countries on Sunday, seeking to strengthen cooperation on security, economic and human rights.
The leaders of five Central Asian countries and Azerbaijan gathered in Dushanbe last week for a summit that focused on regional cooperation, security and water issues amid the changing situation in neighbouring Afghanistan.