A wide range of economic reforms being carried out by the state in Uzbekistan continuously evoke the interest and cause hot debates among large business corporations and financial institutions all over the globe.
International Monetary Fund (IMF), the Government and the Central Bank of the Republic of Uzbekistan issued the following statement (translated from the original statement in Russian) on 13 June 2007 based on the results of the IMF mission’s visit to Tashkent:
A mission of the International Monetary Fund (IMF) visited the Republic of Uzbekistan from 4 June through 13 June 2007. The mission was headed by Ms. Sena Eken, assistant director in the Middle East and Central Asia Department of the IMF.
A delegation of the Board of Directors of the Asian Development Bank (ADB) started five day visit to Uzbekistan on 15 June, the ADB Resident Mission in Uzbekistan said in its press release.
Ravnak Bank, a private joint-stock commercial bank, received the General License of the Central bank of Uzbekistan No. 29 allowing it to perform operation in foreign currency on 4 June 2007.
On 3 - 8 June 2007, a delegation of Uzbekistan participated in the study tour to learn the system of risk analysis in State Revenues Service of Latvia. The visit was organized by UNDP “Improving Tax Administration n Uzbekistan” Project jointly with International Financial Corporation (IFC).
A seminar on "Supporting competition in economy-in-transition and developing countries" was held on 29 May in Moscow, State Committee of Uzbekistan for Demonopolisation, Support of Competition and Entrepreneurship said.
Central Bank of Uzbekistan issued new licenses to new financial institutions in line with Uzbek legislation.
An Association of Professional Insurance Market Participants has been established in Uzbekistan and will start working at the beginning of June, the State Service for Insurance Supervision of the Republic of Uzbekistan.