A strategic session on the establishment of an international financial center was held in Tashkent

On July 7-8 this year, the Strategic Development Agency of the Republic of Uzbekistan organized a session in preparation for the establishment of an international financial center.

"We firmly decided that the strategic session will serve as an important beginning of the discussion on the establishment of an international financial center in Tashkent. We understand that the issue of establishing a center is complicated: it is related to the development of the financial market. This can only be solved together with the development of the business environment, tax and legal system, and urban infrastructure of the Republic of Uzbekistan," said Alena Dolgova, head of the expert advisory group of the Tashkent International Financial Center project.

Aziz Gafurov, deputy general director of the Strategic Development Agency, noted that "IFCT serves as a catalyst for increasing the growth and competitiveness of the national economy, and becomes a "positive coefficient" for the implementation of a large-scale program. It helps to implement economic and social reforms in Uzbekistan and serves to: attract direct investments, increase tax revenues, create new high-paying jobs, as well as, the development of the financial market, the quality of institutions, the achievement of macroeconomic stability, the development of the urban environment will lead to the improvement of financial stability and, of course, to the strengthening of the international brand of the Republic of Uzbekistan.

Currently, international financial centers in other countries are multifunctional and have all the necessary conditions and services for investors.