On June 13th of this year, an inaugural meeting of the Working Groups on the development of the capital market and the creation of the International Financial and Technology Center, as well as on the development of the “Law on Alternative Investments” took place in Tashkent.

🟠The event was held within the framework of the Foreign Investors Council under the President of the Republic of Uzbekistan and was organized by the Ministry of Investment, Industry and Trade with the support of the EBRD and IFC, in cooperation with the Ministry of Digital Technologies and IT-Park.

🟠During the meeting, the priority tasks of the Strategic Plan for the creation of the International Financial and Technology Center, with a focus on attracting technology companies by the year 2024, were discussed. The main attention was paid to issues related to the development and adoption of the law governing the Center’s operations, creating conditions for investor activities, promoting the Center, and improving Uzbekistan’s investment attractiveness on a global level. Additionally, issues concerning the development of the legal environment for investors in terms of corporate governance and contractual regulation, as well as the modernization of the national financial market, were discussed.

🟠Constructive proposals developed during the meeting were adopted by the Working Groups for further implementation.