The Central Bank of the Republic of Uzbekistan held discussions with the International Monetary Fund Governance Technical Assistance Mission on strengthening management practices and decision-making processes, including the Bank’s governance arrangements and the role of its Board. The exchange covered modern management practices, the legal foundations of central bank governance, and options to future-proof the Central Bank of the Republic of Uzbekistan’s governance framework. Discussions also examined the structure and functioning of the Central Bank’s Board, focusing on practical options to strengthen its oversight and decision-making role, while the IMF team gathered the Bank’s views on governance priorities, ongoing institutional reforms, and areas where additional technical support may be needed. The Bank reported that most actions within its authority under the Safeguards Assessment recommendations have been completed, with further work continuing to reinforce a rules-based institutional framework. The mission is set to continue with bilateral meetings with Deputy Governors and relevant departments.
Central Bank of the Republic of Uzbekistan 2025-12-16
Central Bank of the Republic of Uzbekistan engages IMF governance technical assistance mission on Board oversight and decision making
The Central Bank of the Republic of Uzbekistan engaged with the International Monetary Fund Governance Technical Assistance Mission to enhance governance and decision-making. Discussions focused on modern management practices, legal foundations, and strengthening the Central Bank's Board oversight. The Bank has largely completed actions under the Safeguards Assessment recommendations, with ongoing efforts to reinforce a rules-based framework.