Tashkent, Uzbekistan (UzDaily.com) —  The Central Bank of Uzbekistan, the International Finance Corporation (IFC), and FCI held a conference dedicated to innovative business financing using movable assets.

Experts, business representatives, and financial institutions participated in the event.

Deputy Chairman of the Central Bank of Uzbekistan, A. Turdaliyev, shared plans to increase factoring operations tenfold over the next three years. Participants discussed expanding access to financing for SMEs through factoring and supply chain financing, examined the regulatory framework, global trends, risk management, the role of digitalization, and international experience in applying these tools.

IFC’s Regional Head in Uzbekistan, Neil McKeen, emphasized the importance of the conference for developing the factoring and supply chain financing market in Uzbekistan, highlighting the potential of factoring to create jobs and drive economic growth.

Participants highly appreciated the relevance of the discussed topics and expressed hope for the further development of these financial instruments to support businesses.

FCI is the global representative body for factoring and financing of open account trade receivables. With a network of nearly 400 member companies in over 90 countries, FCI provides a platform for cross-border factoring, education, and advocacy in the industry.