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
  • Internal and external amnesty of capital
  • Privatization of state-owned banks

Working Group Members: