Meeting with representatives of the Asian Development Bank

A meeting with representatives of the Asian Development Bank was held at the State Fund for Support of Entrepreneurship Activities.

     The meeting was attended by the Executive Director of the Fund A.Makhamatov, Chief Economist of the ADB financial sector E.McCartney and other officials.

The parties discussed the participation of the Fund in the implementation of the next project of ADB on the development of microfinancing in Uzbekistan.

     At the same time, they exchanged ideas on starting the initial work on the ground, studying the problems and opportunities, as well as defining the road map and developing a strategy for expanding the microfinance sector.

In addition, they focused on the activities of the Fund, in particular, the financial assistance provided by guarantee and compensation, the “Entrepreneur” information system, risk management, and what types of business areas are not supported.

     Furthermore, they gave suggestions on focusing on youth and women’s entrepreneurship in microfinancing of entrepreneurs, analyzing the activities of existing funds in the country and studying international experience in order to expand the services of the Fund.

At the end of the meeting, the parties agreed to expand cooperation on the above-mentioned issues.

Information service of the
State Fund for Support of Entrepreneurship Activities