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Reception of the delegation of the European Bank for Reconstruction and Development (EBRD) in CER

06.09.2017

Reception of the delegation of the European Bank for Reconstruction and Development (EBRD) in CER

On September 5, 2017 Director of CER, Sh. Nazarov met with the representatives of the European Bank for Reconstruction and Development (EBRD) delegation.

During the meeting general issues of transition to an effective market mechanism of foreign exchange regulation in the economy, the liberalization of currency regulation and currency control in the Uzbekistan, as well as export support measures and mechanisms in modern conditions were discussed.

It was also noted at the meeting that unification of exchange rates and creation of opportunities for allocation of currency resources based on market principles will allow Uzbekistan to go to monetary policy aimed at maintaining stability and with an effective capacity to control inflation. This reform will help create jobs and economic growth by increasing external competitiveness, attracting foreign direct investment and improving the allocation of domestic resources.

Within the framework of the bilateral meeting the themes of deepening economic integration of Uzbekistan with the States of Central Asia in the context of the transformation of their economies were addressed, positive trends in the development of small and medium-sized enterprises (SMEs) were highlighted, current issues of transportation and logistics services and attracting transit cargo traffic through the territory of the Republic of Uzbekistan were covered.

Following the meeting, the parties agreed to strengthen cooperation in the exchange of information and joint research between the European Bank for Reconstruction and Development (EBRD) and the Center for Economic Research.