A World Bank mission, led by Task Team Leader Ms. Valeriya Goffe, visited the Central Bank of Uzbekistan from March 24 to 27, 2026, under the Uzbekistan Financial Safety Net and Banking Regulation and Supervision Technical Assistance Programs.
During the visit, the World Bank team held a series of meetings with the Central Bank of Uzbekistan and the Deposit Guarantee Agency, focusing on ongoing reforms aimed at enhancing the resilience, stability, and reliability of the country’s banking and financial system.
The discussions centered on strengthening Uzbekistan’s financial safety net - a key safeguard for maintaining public confidence in the banking sector. In particular, the parties emphasized further improving mechanisms to protect depositors and ensure that citizens’ savings remain secure under all conditions.
As part of the mission, issues related to enhancing preparedness for and capacity to manage financial crisis situations were also considered. In this context, the next steps were identified for developing draft secondary regulations on the practical implementation of bank resolution procedures.
Additionally, during the visit, views were exchanged on aligning the regulation and supervision of banking activities with internationally recognized standards and advanced foreign practices. This cooperation will support ongoing reforms in Uzbekistan aimed at building a modern, transparent, and resilient banking and financial system, as well as bringing it in line with international standards.
The mission concluded with agreement on next steps and continued close cooperation between the World Bank and the Central Bank of Uzbekistan. Both sides reaffirmed their commitment to strengthening financial stability, enhancing depositor protection, and supporting sustainable economic development in Uzbekistan.
