On April 1, 2026, a meeting was held at «UzAssets» JSC with a delegation from the International Monetary Fund, led by the IMF Mission Chief for Uzbekistan, Yasser Abdih.
During the discussions, the parties addressed the main directions of transformation of state-owned enterprises in Uzbekistan, including improving operational efficiency, implementing modern corporate governance standards, and enhancing transparency.
Representatives of «UzAssets» JSC provided information on the progress achieved in developing the credit and ESG rating system, as well as on the expansion of financial reporting practices in accordance with international standards (IFRS).
Additionally, a draft version of a platform for monitoring the credit obligations of 22 large state-owned companies, being developed by the Ministry of Economy and Finance of Uzbekistan in cooperation with «UzAssets» JSC, was presented. The platform received high praise from the IMF for its functionality and potential to improve transparency and efficiency in managing debt obligations.
The parties also discussed prospects for further access of state-owned enterprises to international capital markets.
Furthermore, plans for initial public offerings (IPOs) and bond issuance were reviewed, aimed at diversifying funding sources and reducing borrowing costs.
At the conclusion of the meeting, both sides expressed their readiness to continue cooperation within the framework of transforming state-owned enterprises in Uzbekistan.
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