It is expected to mine 65 million tonnes of ore annually from the deposit area of 11,000 hectares starting from 2024.

The bank widened the interest rate corridor to plus/minus 2 percentage points from plus/minus 1 percentage points.

The IMF expects Uzbekistan’s economy to grow by 5 percent in 2021, but says that the recovery could be delayed by a resurgence of COVID-19 infections.

One of the main tasks of the agency is to identify promising industries and areas of investment activity and study strategies to attract investment.