The Central Bank of the Republic of Uzbekistan met with the World Bank and the International Finance Corporation to set priority areas for further cooperation under the FINGROW Program and agreed to move to the next implementation stages of the initiatives identified. The work will focus on payment systems, financing for small and medium-sized enterprises, and broader analytical and institutional cooperation. On payments, the discussion centred on improving digital payment infrastructure, increasing the share of cashless payments and introducing modern payment solutions. On SME finance, the parties reviewed partial credit guarantee and portfolio guarantee mechanisms, the use of digital tools in lending processes and improvements to risk assessment systems. They also proposed expanding knowledge exchange between regulators, sharing research and analytical materials, supporting evidence-based approaches and holding separate expert discussions on key topics.
Central Bank of the Republic of Uzbekistan2026-06-04
Central Bank of the Republic of Uzbekistan agrees next FINGROW cooperation steps with the World Bank and International Finance Corporation on payments and SME finance
The Central Bank of Uzbekistan agreed with the World Bank and IFC on priority areas and next steps under the FINGROW Program, focusing on payment systems, SME finance, and broader analytical and institutional cooperation. The parties will improve digital payment infrastructure and cashless payments, enhance credit guarantee mechanisms and digital lending tools, and expand evidence-based policymaking through shared research and expert discussions.