Tashkent, Uzbekistan (UzDaily.uz) — A meeting of the Interdepartmental Working Group of the Foreign Investors Council under the President of Uzbekistan was held in Tashkent to discuss the establishment of the Tashkent International Financial Centre (TIFC).
Participants examined the centre’s potential to attract foreign investment, develop financial products and services, and build infrastructure to support investment projects.
The meeting was attended by representatives of the Asian Development Bank (ADB), JPMorgan, the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), BlackRock, law firms Sullivan & Cromwell and Dentons, and other organisations.
Nodir Juraev, the project coordinator from the Presidential Administration, presented an update on progress towards establishing the TIFC.
Participants discussed potential barriers facing investors, priorities for developing financial and legal infrastructure, professional training, and the involvement of international partners in building the centre’s ecosystem.
Hubertus Väth, managing director of Frankfurt Main Finance and vice-chairman of the World Alliance of International Financial Centers (WAIFC), presented recommendations for launching the TIFC.
The meeting noted that the Tashkent International Financial Centre had joined the WAIFC, which brings together international financial centres.
Participants highlighted the centre’s potential importance for Uzbekistan’s economic development.
Following the discussions, proposals were put forward for the next stages of the project, taking into account international experience and opportunities for cooperation with foreign financial institutions.
