Tashkent, Uzbekistan (UzDaily.com) – From 27 to 31 May, a technical support mission from World Bank Treasury experts was in Uzbekistan, the Central Bank’s press service said.

During the mission, specialized training sessions were held on the importance of diversification in managing international reserves, including investments in foreign government securities, risk assessment, and the proper organization of the work processes of the relevant structural units of the Central Bank.

In particular, the mission focused on enhancing the qualifications of the Central Bank’s relevant divisions on issues such as risk management in securities investments, conducting trading and settlement operations, establishing accounting practices, and compliance.

Additionally, as part of the mission, the Central Bank carried out primary investment operations in securities and formed the corresponding portfolios to diversify reserves.

Following the mission, World Bank Treasury experts provided recommendations on improving the system for managing international reserves and the activities of the relevant structural units. 

An agreement was also reached on further actions, including the introduction of new financial instruments into the reserve structure and the continued professional development of Central Bank staff.