TASHKENT, Uzbekistan, April 23. The Uzbekistan
Republican Stock Exchange (UzRVB) held a meeting with a delegation
from the Asian Development Bank (ADB) that arrived as part of a
mission to assess the implementation of the Financial Sector Reform
Program, Trend
reports, citing UzRVB.
The delegation was led by Benita Ayanabe, the mission leader and
senior financial sector specialist at ADB. The main goal of the
visit was to obtain an expert evaluation of the current state and
development prospects of the capital market, as well as to identify
institutional and regulatory barriers hindering its further
growth.
During the meeting, Rashid Usmanov, the CEO of UzRVB, provided a
detailed overview of the exchange’s activities, emphasizing its
strategic importance in the development of the national financial
infrastructure. Special attention was given to the presentation of
the UzRVB’s mid-term development strategy, which outlines key
priorities aimed at enhancing the transparency, efficiency, and
accessibility of stock market trading.
The parties engaged in a comprehensive discussion on the current
issues related to the development of market infrastructure, the
progress of ongoing reforms, and initiatives aimed at improving the
legal and regulatory framework. ADB representatives expressed
interest in the approaches taken by UzRVB to create conditions that
encourage active participation from investors, including foreign
investors, in the national financial market.
Additionally, the status of UzRVB’s request to ADB for technical
assistance in the implementation of key infrastructure projects was
discussed during the dialogue.
At the conclusion of the meeting, UzRVB expressed its gratitude
to the ADB delegation for the constructive collaboration and
reaffirmed its interest in further developing the partnership to
build a sustainable, transparent, and competitive capital market
ecosystem in Uzbekistan.
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