The Central Bank of the Republic of Uzbekistan, acting as national coordinator, has developed a National Charter to implement the international Women’s Entrepreneurship Financial Code (We-Finance Code), setting out a national framework to support women’s entrepreneurship. A Central Bank-led national coalition of financial market participants also developed and approved commitment letters that define responsibilities and set qualitative goals backed by measurable indicators to advance women’s financial inclusion. The charter sets out the initiative’s principles and objectives, allocates roles across government bodies, banks, microfinance organisations and the non-governmental sector, and establishes mechanisms for monitoring, evaluation and reporting, as well as participant selection criteria and procedures for joining the initiative. Development was carried out with the European Bank for Reconstruction and Development and ConsumerCentriX, informed by consultations with financial-sector participants and government ministries and by research and surveys from McKinsey and UNDP. Commitment letters were signed by 17 participants: Agrobank, Turon bank, Aloqa bank, Xalq banki, Milliy bank, Asaka bank, MKbank, Hamkorbank, SQB, BRB, Ipak Yo‘li banki, Imkon Finans, Renesans, OASIS Kredit, NAMI, Sabr mikromoliya tashkiloti and FinTech.
Central Bank of the Republic of Uzbekistan 2025-07-30
Central Bank of the Republic of Uzbekistan finalises National Charter for the We-Finance Code and secures commitment letters from 17 institutions
The Central Bank of Uzbekistan created a National Charter to implement the Women’s Entrepreneurship Financial Code, supporting women's entrepreneurship. A coalition, led by the Central Bank, approved commitment letters to enhance women's financial inclusion. Developed with the European Bank for Reconstruction and Development and ConsumerCentriX, the initiative involves 17 financial institutions and includes monitoring and evaluation mechanisms.