TASHKENT, Uzbekistan, January 29. The Central Bank of Uzbekistan and Standard Chartered Bank discussed strengthening financial stability and supporting SMEs, Trend reports.
The matter was revealed at a high-level meeting between the management of the Central Bank of Uzbekistan and representatives from Standard Chartered Bank to discuss key areas of their ongoing collaboration. The parties discussed international reserves management, a critical component of maintaining financial stability.
During the meeting, both sides shared insights on current global market trends, particularly the challenges and opportunities arising from the international financial landscape. The discussion included exploring avenues for securing international financing, aimed at reinforcing Uzbekistan’s economic resilience and fostering rapid growth.
The participants also addressed initiatives to support small and medium-sized enterprises (SMEs), an essential driver of economic dynamism. The development of the capital market and expanding access to direct financing for local businesses were also prioritized. These efforts are expected to promote financial inclusion, enabling more entrepreneurs to access the resources they need to thrive.
As the meeting concluded, both the Central Bank of Uzbekistan and Standard Chartered Bank reaffirmed their mutual commitment to strengthening their partnership. Their shared vision is to enhance Uzbekistan’s investment potential and further accelerate the country’s economic development, positioning it as a key player in the regional and global financial landscape.
Standard Chartered PLC operates as a British multinational financial institution, engaging in various sectors including wealth management, corporate and investment banking, and treasury services. Although its headquarters are located in the United Kingdom, the entity does not engage in retail banking within the UK, with approximately 90 percent of its profits generated from regions such as Asia, Africa, and the Middle East. The entity boasts a primary listing on the London Stock Exchange and holds a position as a constituent within the FTSE 100 Index.
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