Diana Gardanova
14
Oct 2021
624 times

Meeting with EBRD representatives on the development of the derivatives market in Uzbekistan

Concrete

On October 12, Deputy Finance Minister Odilbek Isakov met with Axel van Nederven, Treasury Director of the European Bank for Reconstruction and Development.

Concrete

The meeting was also attended by Murodbek Atajanov, First Deputy Head of the Treasury of the Ministry of Finance, Nodirbek Sobirov, Risk Management and Hedging Consultant, and Ode Pakatte, Head of the Portfolio Management Department of the European Bank for Reconstruction and Development, Azamat Mauilsharip, Trader of the Portfolio Management Department, and Jahan Shamsiev , EBRD Director for Central Asia, and a number of officials.

Concrete

 During the meeting, the parties exchanged views on reducing the dependence of the Uzbek economy on foreign currency by developing the derivatives market in Uzbekistan, increasing the efficiency of financial markets and introducing new capital market instruments, attracting loans in national currency and reducing the burden of payments in foreign currency.

Concrete

At the end of the meeting, the parties signed the ISDA General Agreement developed by the International Swaps and Derivatives Association for the first test swap operation in Uzbekistan.

Concrete

Following the meeting, the parties agreed to work together on an ongoing basis on the above issues, on regular meetings and work on cooperation.

Information service of the

Ministry of Finance

 
 
Last modified on Thursday, 14 October 2021 12:00

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

CURRENCY EXCHANGE RATE INFORMER

Creative Commons Attribution 4.0 International
All site materials are available under license: Creative Commons Attribution 4.0 International

Helpline rating

1 - score -101 user
2 - score -33 user
3 - score -39 user
4 - score -47 user
5 - score -698 user

© 2020 Ministry of Finance of the Republic of Uzbekistan.
All rights reserved.

Using any materials published on this site link to the official website www.mf.uz is required.

Development and supporting is realized by IT Center of the Ministry of Finance of the Republic of Uzbekistan.