Uzbekistan and IFC Discuss Capital Market Development

Tashkent, Uzbekistan (UzDaily.uz) — The National Agency for Prospective Projects of Uzbekistan (NAPP) discussed the development of the country's domestic capital market with representatives of the International Finance Corporation (IFC) and the World Bank Group Treasury.

The meeting was attended by representatives from the IFC office in Uzbekistan. The parties also considered the issuance of bonds denominated in the national currency on the republic's domestic market by the IFC and the International Bank for Reconstruction and Development (IBRD).

Special attention was given to areas of capital market support from the World Bank Group Treasury and the IFC. Discussions focused specifically on further improving the regulatory framework, developing market infrastructure, and strengthening institutional capacity.

Following the meeting, the parties reaffirmed their interest in continuing cooperation to develop Uzbekistan's capital market.

The implementation of the discussed initiatives is expected to expand the array of financial instruments, increase financing opportunities, and foster the further development of the country's domestic capital market.