Tashkent, Uzbekistan (UzDaily.com) - On 10 June 2019, the Central Bank of Uzbekistan hosted a meeting with a delegation from the European Bank for Reconstruction and Development (EBRD), headed by President Suma Chakrabarti, during which issues of expanding mutual cooperation in the field of banking sector reform and development were discussed.

The EBRD delegation noted the need for a number of additional activities. In particular, the creation of equal conditions that promote the strengthening of healthy competition between state and private banks, as well as the provision of alternative sources of financing for state programs were discussed.

The EBRD representatives shared their visions regarding the current state and priorities of the banking system development. The EBRD President expressed his readiness to support the ongoing reforms in the banking sector and provide all necessary assistance in this direction.

After the meeting, an agreement was signed between the EBRD and the National Bank for Foreign Economic Affairs on opening a correspondent account in national currency in order to increase the volume and wide coverage of EBRD projects in the Republic of Uzbekistan.