Leadership of Capital Market Development holds talks with IMF mission

Tashkent, Uzbekistan (UzDaily.com) -- On 1 February 2021, an advisory mission of the International Monetary Fund (IMF) headed by Mr. Ron van Ruden and the leadership of the Capital Market Development Agency of the Republic of Uzbekistan was held in the format of a video conference.

On the agenda, the parties discussed issues related to the development of the capital market, covering increasing demand and supply in the market, improving the legal framework and developing infrastructure.

The parties paid attention to the importance of using the stock market in the process of privatization of state-owned companies, as well as barriers to the development of the capital market of the Republic of Uzbekistan.

The IMF team welcomed the Agency’s efforts to develop the local capital market and noted the need to apply comprehensive measures to consolidate and coordinate work between the main ministries and departments of the financial market to ensure sustainable and inclusive economic growth in the country.

In accordance with Article IV of the IMF Charter, a group of IMF economists conducts a mission to assess economic and financial development and discuss the country’s economic and financial policies with representatives of the government and the central bank.