The Central Bank of the Republic of Uzbekistan announced that the International Monetary Fund and the World Bank have launched the second mission of the Financial Sector Assessment Program (FSAP), running from 26 February to 12 March. The joint IMF-World Bank team will assess the insurance sector, capital markets, payment systems, the corporate sector and macroprudential policies, including stress tests and systemic risk analysis covering linkages between banks and non-bank institutions. Working sessions will involve the central bank, the Ministry of Economy and Finance, the National Agency for Prospective Projects, commercial banks, payment organizations and other relevant agencies; the central bank also noted that FSAPs culminate in reform recommendations, with the IMF focused on stability and the World Bank on financial-sector development needs.
Central Bank of the Republic of Uzbekistan 2025-02-28
Central Bank of the Republic of Uzbekistan announces IMF and World Bank launch second FSAP mission to assess financial sector stability
The Central Bank of the Republic of Uzbekistan announced the second Financial Sector Assessment Program mission by the IMF and World Bank, from 26 February to 12 March. It will evaluate the insurance sector, capital markets, payment systems, corporate sector, and macroprudential policies, including stress tests and systemic risk analysis. The program involves multiple stakeholders and aims to provide reform recommendations, focusing on stability and financial-sector development.