World Bank mission holds talks at the State Competition Committee
10/06/2015 11:17
World Bank mission holds talks at the State Competition Committee
10/06/2015 11:17
Tashkent, Uzbekistan (UzDaily.com) -- The State Committee of the Republic of Uzbekistan for Privatization, Demonopolization and Development of Competition hosted a meeting with the mission of the World Bank, which included director of the Centre for Financial Reporting Reform (CFRR) Henri Fortin and head of the IFC Office in Uzbekistan Zafar Hashimov.
The roadmap for organization of the joint work on further improving corporate management, deepening privatization process and development of competition was developed in the result of roundtable on reforming system of state enterprises management and expansion of participation of private sector, which was held on 5 March 2015.
Henri Fortin briefed the management of the committee on his meetings at Uzbekenero, Uzkimyosanoat, Center for management of state assets, Center for coordination and development of securities market, Agency for Development of Finance Sector, Higher School of Business to determine the volume of technical assistance of the World Bank and improve roadmap. The special attention was paid to transfer of joint stock companies to publication of annual financial reports and holding external audit in line with international standards.
Fortin noted that the World Bank and IFC speed up their work on Uzbekenergo and Uzkimyosanoat, which were determined as pilot industries – energy and chemical sector, the press service of the State Competition Committee said.
At the talks with Uzbekenergo, the sides determined level of technical assistance, developed mechanisms and tools, which will spread for use in other industries as well.
Within the visit of the mission, the video conference with international organizations was also held to discuss their possible financial participation in the project of technical assistance.
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