Given the government’s commitment to increase the share of private commercial banks in the banking sector from the current 15% to 60% by 2025, the prime focus of the Financial Sector and Banking Working Group will be placed on five areas, such as:
facilitating M&A transactions (Mergers and Acquisitions)
digitalization of financial services
supporting capital market development
enhancing banking confidentiality
financial infrastructure development
Following areas are proposed (not limited to) for discussing in this WG:
Development of Islamic finance in Uzbekistan
Introducing new financial instruments to hedge credit risks
Development of regional cross-border payments (payment systems) and trade finance facilities