The National Bank of the Republic of Tajikistan, in cooperation with KPMG, held a training seminar for financial credit institutions on recent changes to International Financial Reporting Standards and related practical implementation issues, alongside environmental, social and governance (ESG) reporting. The session focused on helping institutions prepare for updated accounting requirements and discussing the possible application of ESG reporting in Tajikistan’s financial system. Topics included amendments to IFRS 9 Financial Instruments and IAS 21 The Effects of Changes in Foreign Exchange Rates, as well as forthcoming standards IFRS 18 Presentation and Disclosure in Financial Statements and IFRS 19 Subsidiaries without Public Accountability: Disclosures. Participants also discussed the role of ESG reporting in improving transparency and the sustainability of financial institutions, with the seminar framing timely implementation of the new IFRS requirements and ESG principles as supporting more reliable financial reporting, stronger corporate governance and closer alignment with international practice.