Tashkent, Uzbekistan (UzDaily.com) -- The Extra-budgetary Pension Fund under the Ministry of Finance of Uzbekistan and the Social Fund of Kyrgyzstan signed an agreement on cooperation in the field of social insurance and pensions.

The document was signed with the aim of developing friendly relations, regulating cooperation and informational support in the field of pensions.

The agreement was concluded during an international conference on development of pension systems in the conditions of sovereignty, which was held in Bishkek.

The conference was attended by such institutions as the International Association of Pension and Social Funds (IAPF), the International Social Security Association (ISSA), the Eurasian Economic Commission (ECE), as well as representatives from social and pension institutions in Georgia, Moldova, Kyrgyzstan, Russia, Kazakhstan and Tajikistan.

In the course of the meeting, features, problems, achievements and prospects for the development of the pension systems of the CIS countries, social and economic trends affecting the pension system, the digitization of the economy and the social sphere, as well as labor migration and the system for preserving the pension rights of migrant workers were discussed.

At the conference, with the thematic report "The Pension System of the Republic of Uzbekistan: The Concept of Pension Reform" was made by the Executive Director of the Extra-budgetary Pension Fund under the Ministry of Finance of the Republic of Uzbekistan, Yorkin Tursunov.