Tashkent, Uzbekistan (UzDaily.com) -- A government resolution “On approval of the Development Concept of the Banking and Finance Academy of the Republic of Uzbekistan in 2020–2025” was adopted.

The resolution approved the Development Concept of the Banking and Finance Academy of the Republic of Uzbekistan in 2020–2025 and an action plan for the implementation of this Concept.

According to the resolution, the Academy is the basic institution of higher education for the training, retraining and advanced training of highly qualified specialists in the fields of undergraduate and graduate programs, as well as leading personnel for the banking and financial sectors of Uzbekistan.

In the undergraduate and graduate courses of the Academy:

- at the expense of the state grant - only employees of state bodies and other state organizations;

- paid-contractual basis for quotas approved by the Academy Council - residents and non-residents of Uzbekistan.

In accordance with the resolution, the training of gifted 3rd year undergraduate students in the field of economic specialties of other higher educational institutions will be transferred to the Academy through a competition until 1 September 2020.

To fund the work of authors of scientific articles, until 1 September 2021, a Research Support Fund will be formed.

Also, until 1 September 2022, admission to undergraduate programs will be organized in accordance with the procedure established by the Academy Council.