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
