TASHKENT, Uzbekistan, January 17. Uzbekistan
and Boston Consulting Group (BCG) have discussed prospects for
improving the country’s banking and financial system, Trend reports via the Uzbek
Ministry of Economy and Finance.
The discussions took place during a meeting between BCG Managing
Director and Global Head of the Risk and Compliance Practice Matteo
Coppola and Uzbekistan’s Deputy Prime Minister and Minister of
Economy and Finance Jamshid Kuchkarov.
The discussions focused on improving the efficiency of financial
institutions, enhancing transparency, and strengthening overall
financial stability. Special attention was devoted to attracting
private capital, advancing institutional reforms, ensuring the
optimal utilization of financial resources, and adopting
cutting-edge international best practices.
At the conclusion of the meeting, the parties agreed to further
deepen bilateral cooperation, broaden dialogue on the identified
areas, and pursue systematic and effective collaboration in
implementing joint initiatives.
In parallel, a recent study by the Boston Consulting Group (BCG)
highlighted that the next 5 to 10 years present a unique
opportunity for Uzbekistan to attract substantial investments and
accelerate economic growth. The report further estimates that
Uzbekistan will need to secure an additional $82 billion in
investment between 2025 and 2029 to sustain its current development
trajectory and maintain high levels of capital formation.
