A meeting of the interdepartmental working group of the Council of Foreign Investors under the President of Uzbekistan was held in Tashkent, dedicated to the creation of the Tashkent International Financial Center (TIFC). Participants discussed how the new structure could attract foreign capital, facilitate the emergence of financial products and services, and provide infrastructure for investment projects.
The discussion was attended by representatives of the Asian Development Bank, JPMorgan, the International Finance Corporation, the European Bank for Reconstruction and Development, BlackRock, and law firms Sullivan & Cromwell and Dentons. Nodir Juraev, the project coordinator from the Presidential Administration, spoke about the progress of the work. Special attention was paid to possible barriers for investors, the development of financial and legal infrastructure, the training of specialists, and the involvement of foreign partners in forming the center's ecosystem.
Recommendations for the launch of the TIFC were presented by Hubertus Vaeth, Managing Director of Frankfurt Main Finance and Deputy Chairman of the World Alliance of International Financial Centers (WAIFC). Participants noted that the Tashkent Center has already joined the alliance, which unites international financial platforms. Following the meeting, further steps were proposed for the implementation of the project, taking into account foreign experience and opportunities for cooperation with international financial organizations.