Tashkent, Uzbekistan (UzDaily.com) -- As part of cooperation with the International Finance Corporation, the Central Bank held a seminar on the topic “Creating conditions for sustainable development of financing for micro, small and medium-sized enterprises in Uzbekistan.”

The event was attended by representatives of financial and credit organizations, such as KICB Bank (Kyrgyzstan), Credo Bank (Georgia), HBL Microfinance Bank (Pakistan), BT Mic company (Romania), Small Industrial Development Bank (India), Denizbank (Turkiye), as well as representatives of the European Bank for Reconstruction and Development and the Asian Development Bank.

During the seminar, presentations were made regarding the development of regulatory documents on financing micro and small enterprises, as well as comments on the market for micro and small enterprises in the region and Uzbekistan.

Innovations in the field of financing such enterprises in achieving scale and coverage were presented, as well as assistance in financing enterprises in this area in Uzbekistan and their transformation into banks.

The event participants got acquainted with the latest trends in the financing of the sector, successful business models based on the experience of international financial institutions, and discussed the current situation in the micro and small financial sector of Uzbekistan, as well as changes in legislation. Attention was paid to the application of global principles of microfinance in the Republic and current problems were considered.

At the conclusion of the seminar, an exchange of views took place on the development of a roadmap for the further development of this area in order to expand the opportunities for financing micro, small and medium-sized enterprises in Uzbekistan.