NPL in the banking system peaked in July this year and amounted to 6.2 percent.

Uzbekistan plans to ensure a 7.0 percent growth in GDP this year and the government has tasked itself to increase the volume of production in all sectors of the economy.

Agriculture makes up a quarter of its gross domestic product and provides a sizeable share – almost 10 percent in 2019 – of its export revenue.

The loans of the business entities in foreign currency, up to $1 million, will be converted into national currency by Uzbek commercial banks.

The substation is expected to be commissioned in 2023.