BAKU, Azerbaijan, Sept. 29
By Fakhri Vakilov – Trend:
Industrial Development Corporation (INDECO), a new state financial corporation, may be established in Uzbekistan, Trend reports citing the press service of the Ministry of Finance.
The creation of INDECO is necessary to facilitate and accelerate project financing in the country, given that Uzbekistan must maintain a stable macroeconomic environment and ensure the long-term sustainability of public debt.
This topic was discussed at a meeting with the participation of Uzbek Minister of Finance Timur Ishmetov and representatives of the financial company "Rothschild & Co".
Within the framework of the meeting, the topics of transformation of state-owned enterprises and the acceleration of the process of transformation of banks were raised.
During the meeting, representatives of the delegation recognized the strategic goals of reducing poverty and improving the well-being of the population through expanding market mechanisms and other structural economic transformations of the country, and also mentioned the need for large investments within the framework of the economic development program, in particular in the modernization of industry, infrastructure facilities and energy projects.
Following the meeting, the parties agreed to closely cooperate in existing areas of cooperation and share their experience.
---
Follow the author on Twitter:@vakilovfaxri