Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan has approved a program aimed at developing the secondary market for government bonds, according to a government resolution.

The purpose of the document is to modernize the budget system and improve the efficiency of public spending and investment. As part of the program, a three-year public debt management strategy will be implemented.

Planned measures include supporting the secondary market for government bonds and issuing short-term securities.

Starting in September this year, Uzbekistan also plans to begin reporting public debt data in the PSDS statistical database.