The World Bank delegation is visiting Tashkent from February 26 to March 12, 2025, dedicated to the Financial Sector Assessment Program (FSAP).
The main purpose of the visit was to hold consultations with government agencies, representatives of the private sector, investors and experts to identify the main barriers and constraints constraining the financial market of Uzbekistan.
The FSAP program provides a comprehensive framework through which the experts and authorities in the participating countries can identify vulnerabilities in the financial system and develop appropriate responses.
The World Bank will conduct a comprehensive assessment of current conditions, identifying key barriers, including regulatory constraints, lack of funding, as well as problematic aspects related to transaction costs and access to financial instruments.
On February 26, 2025, the delegation of the World Bank Group for diagnostics of the financial sector of Uzbekistan visited the office of “Uzbek Leasing International A.O.” JSC.
The following experts attended the meeting from the Delegation of the World Bank Group:
— Gunhild Berg, Lead Financial Sector Specialist, Head of the Mission;
— Jane Hwang, Senior Financial Sector Specialist, Deputy Head of the Mission;
— Kiyotaka Tanaka, Senior Financial Sector Specialist.
During the presentation, the management of “Uzbek Leasing International A.O.” JSC highlighted the key aspects of the leasing market of Uzbekistan, including current problems and prospects for its development. They also talked about the activities of “Uzbek Leasing International A.O.” and presented proposals sent to government bodies to improve the country’s leasing legislation. Special attention was paid to issues hindering the development of leasing in Uzbekistan and attracting investments in this sector, as well as green financing projects and support for women entrepreneurs. At the end of the discussion, the possibility of providing support to the leasing sector of Uzbekistan from the World Bank Group was considered.
