Uzbekistan, EBRD Discuss Capital Market Reform And Financial Infrastructure Development
The discussions focused on several provisions of the draft Law on the Capital Market, which has been prepared with expert support from the EBRD. Particular attention was given to the regulation of derivative financial instruments and the circulation of bonds issued by international financial institutions in Uzbekistan.
Officials from the agency praised the EBRD's contribution to incorporating international best practices into the draft legislation, which is intended to modernize the country's capital market framework and align it more closely with global standards.
The meeting also addressed opportunities for cooperation in developing Uzbekistan's capital market infrastructure, including improvements to trading, clearing, settlement and securities record-keeping systems.
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