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05 December 2019

The draft Strategy for the development of the capital market was developed

The Capital Market Development Agency, together with the EBRD and ADB, have developed a Capital Market Development Strategy for 2020-2025.

The expected results of the strategy are:

clear rules for all market participants / reliable protection of investor rights;

bringing the share of securities in free circulation (Freefloat) to 10% of GDP ($ 6 billion);

inclusion in international frontiermarkets indices;

significant increase in foreign investment in Uzbekistan through the capital market;

reducing the dependence of the economy on the banking sector and the presence of the state in the banking sector;

growth in welfare – it is planned to attract 2.5 million local investors. (Expected volume of investments – 6% of savings);

attracting additional funds from the shadow turnover to the economy;

ensuring the growth of the economy of Uzbekistan at a faster pace (2% higher than forecast).

 

Draft Strategy