BAKU, Azerbaijan, Dec. 3
By Fakhri Vakilov - Trend:
Uzbekistan’s delegation led by the Deputy Minister of Investments and Foreign Trade Shukhrat Vafayev, composed of the heads of the Central Bank and leading commercial banks, held talks with the Chairman of UAE’s Central Bank Mubarak Rashed Al Mansoori, Trend reports citing the press service of Uzbekistan’s Ministry of Investment and foreign trade.
As a result of the negotiations, agreements were reached on expanding bilateral technical cooperation between the Central banks of the two states, aimed at improving approaches to the development and implementation of monetary policy and banking supervision.
Negotiations were also held with the leadership of the largest emirate commercial banks - First Abu-Dhabi Bank, Emirates NBD, Islamic Bank of Dubai, Islamic Bank of Abu Dhabi, the total capital of which exceeds $60 billion, and total assets - over $500 billion.
The UAE delegation noted with satisfaction the high intensity of the development of economic cooperation between the two countries and, in turn, expressed their readiness to consider new proposals for cooperation in promising areas.
The current state of cooperation with the Emirate companies Masdar, Mubadala, Emaar, DP World, ENOC was positively assessed - their successful work in the framework of the ongoing initiatives, according to the emirate bankers, is an objective indicator of a favorable investment climate formed in the country due to ongoing socio-economic reforms and transformations.
The heads of commercial banks of both countries also identified specific projects and initiatives for further study and development.
---
Follow author on Twitter:@vakilovfaxri