Uzbekistan is undergoing a comprehensive assessment of its financial sector.

The Financial Sector Assessment Program (FSAP) has been launched in Uzbekistan, conducted by the International Monetary Fund (IMF) and the World Bank. This comprehensive evaluation, which began with a meeting between experts and the leadership of the Central Bank, is crucial for analyzing the stability and future development of the country's financial sector.

https://uzdaily.uz/ru/uzbekistan-prokhodit-masshtabnuiu-otsenku-finansovogo-sektora/2024-11-13 08:47:41

During the program, experts from the IMF and the World Bank will examine:

- The regulatory framework of the financial sector.

- The payment and settlement system.

- The resilience of both the banking and non-banking sectors.

Additionally, stress tests will be conducted, systemic risk analyses will be performed, and the regulators' ability to manage effectively during a crisis will be evaluated.

Besides the Central Bank, the evaluation program involves the Ministries of Economy and Finance, the National Agency for Prospective Projects, commercial banks, and other interested agencies.

The FSAP program, which has been running since 1999, enables a comprehensive analysis of the country's financial sector. The IMF focuses on stability aspects, while the World Bank addresses the developmental needs of the financial system.

Following the assessment, recommendations for further reforms will be presented, along with assistance in strengthening the potential of Uzbekistan's financial system.