27 March 2019 year
On March 26, 2019, the Capital Market Development Agency welcomed the delegation of the European Bank for Reconstruction and Development (EBRD) London, led by the bank's Chief Economist, Sergei Guriev.
During the meeting, the Director of the Agency, Atabek Nazirov, acquainted the guests with the main short-term and long-term tasks, the planned stages of the reform and the development of the Capital Market Development Strategy. The EBRD Chief Economist, Sergey Guriev highlighted the formation of the Agency and its activities as a key aspect of the modernization of the country's economy and expressed his expectations for the achievement of the planned results in the nearest future.
Overall, the parties reached an agreement on the possibility of providing technical assistance to the Agency from EBRD, in terms of strengthening institutional capacity and assistance in developing of the capital market strategy.
To recap, the European Bank for Reconstruction and Development has extensive experience in the development of the local capital market and being the largest institutional investor in Central Asia, which today, has invested about 11.6 billion euros ($ 12.3 billion) in projects of various sectors economy, 894 million euros of which, the Bank has invested in Uzbekistan.