The Ministry of Finance of the Republic of Uzbekistan plans to issue government securities, proceeds of which will be sent to implement measures for the socio-economic development of the country, as well as major investment projects determined by the decisions of the President of the Republic of Uzbekistan.

During the seminar, topical issues of development of the government securities market in the Republic of Uzbekistan as formation of the market infrastructure, business activity of financial institutions, including commercial banks and insurance organizations, as well as the possibilities of using these instruments in financing state investment programs were widely discussed by the participating representatives Senate of the Oliy Majlis of the Republic of Uzbekistan, National Project Management Agency under the President of the Republic of Uzbekistan, the Ministry of Economy of the Republic of Uzbekistan, the Central Bank of the Republic of Uzbekistan, the State Committee for Investments of the Republic of Uzbekistan, the State Committee on Competition of the Republic of Uzbekistan, the Currency Exchange, commercial banks and insurance companies.

In particular, during the discussion of the issues raised in the seminar, participants presented a number of important proposals. In particular, representatives of the Senate of the Oliy Majlis of the Republic of Uzbekistan and other state agencies noted that it is necessary to improve the current legislation on government securities and at the same time to combine relevant provisions on them.

Representatives of the Central Bank and commercial banks offered to issue government securities at an initial stage in a shorter period, i.е. for a period of up to one year.

Representatives of other financial institutions and insurance organizations underlined the advisability of setting interest rates for government securities, tying them to the refinancing rate of the Central Bank.

The participants also said that the purposeful work carried out by the Ministry of Finance in conjunction with other interested ministries and departments will create necessary conditions for further development of the government securities market, as well as the formation of additional sources for financing investment projects.