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Prospects for cooperation with Astana International Financial Center were discussed

On December 5 this year, a delegation of the Republic of Uzbekistan, headed by Deputy Prime Minister – Minister of Investments and Foreign Trade S.Umurzakov visited Astana International Financial Center (AIFC).

AIFC was established to develop a liquid and balanced capital market in the country and is a platform that provides investors with access to capital, a range of financial services and investment tools. AIFC operates under English common law, and a range of benefits and incentives are available to attract international participants to AIFC.

AIFC leaders shared their experience and achievements in improving legislation in the investment and financial sectors, reforms in the banking and financial sectors, promoting capital markets and fintech start-ups, sustainable development goals, the implementation of Islamic and “green” finance instruments as well as digitalization.

The delegation members were also familiarized with the activities of the Center’s organizations and associated institutions, such as the AIFC Financial Services Regulatory Committee, the AIFC Court, the International Arbitration Center (IAC), as well as other AIFC bodies, such as the AIFC Expat Center, Bureau for Continuous Professional Development (BCPD), Fintech Hub and the AIFC Exchange.

As a result of the meeting, it was agreed to establish cooperation in various areas of mutual interest.