BAKU, Azerbaijan, June 3. Uzbekistan’s National
Agency for Perspective Projects (NAPP) held talks with
representatives of the European Bank for Reconstruction and
Development (EBRD) to discuss ongoing capital market reforms and
future cooperation aimed at strengthening the country’s financial
sector, Trend
reports, citing the NAPP.
The discussions focused on several provisions of the draft Law
on the Capital Market, which has been prepared with expert support
from the EBRD. Particular attention was given to the regulation of
derivative financial instruments and the circulation of bonds
issued by international financial institutions in Uzbekistan.
Officials from the agency praised the EBRD’s contribution to
incorporating international best practices into the draft
legislation, which is intended to modernize the country’s capital
market framework and align it more closely with global
standards.
The meeting also addressed opportunities for cooperation in
developing Uzbekistan’s capital market infrastructure, including
improvements to trading, clearing, settlement and securities
record-keeping systems.
At the conclusion of the talks, both sides reaffirmed their
commitment to expanding cooperation and continuing joint efforts to
build a more developed, transparent and competitive capital market
in Uzbekistan.
The discussions form part of Uzbekistan’s broader
financial-sector reform agenda, which seeks to deepen domestic
capital markets, attract investment and create new financing
opportunities for businesses and investors.
