The agreement is directed at setting cooperation between two sides in implementation of the presidential resolution “On priority directions of further reforming and increasing sustainability of financial-banking system in the republic for 2011-2015 and achieving high international rating figures” and a complex of measures on introducing and further improving rating system of non-banking credit organizations.

The complex of measures was agreed by the Central Bank of Uzbekistan, Uzbekistan Banking Association, NAMOCU, and GIZ project “Assisting to microfinancing in Central Asia”.

Within the agreement, the sides will cooperate in solving tasks on development and introduction of methodology and national scale of credit rating of microcredit organizations in line with international norms, criteria and standards.

The sides will also study all aspects of activities of microcredit organizations to improve their activity, prepare reviews and analytical materials, etc.