Tashkent, Uzbekistan (UzDaily.com) — On 26 February, Uzbekistan commenced the second mission under the Financial Sector Assessment Program (FSAP), organized by the International Monetary Fund (IMF) and the World Bank. The mission, running until March 12, will focus on key aspects of the country's financial system.

Experts from the IMF and the World Bank will conduct a comprehensive analysis of Uzbekistan’s payment systems, insurance sector, capital markets, corporate sector, and macroprudential policies. Particular attention will be given to stress tests and the assessment of systemic risks, including interactions between banking and non-banking financial institutions.

As part of the mission, working meetings are planned with representatives from the Central Bank, the Ministry of Economy and Finance, the National Agency for Perspective Projects, as well as commercial banks and payment organizations.

Launched in 1999, the FSAP program aims to provide an in-depth evaluation of financial system stability in participating countries. The IMF focuses on financial stability, while the World Bank works on financial infrastructure development. Following the mission, Uzbekistan will receive recommendations for further reforms and support in strengthening its financial sector.

This initiative highlights Uzbekistan’s commitment to integrating into the global financial system and enhancing the transparency of its economic processes.