Expressions Of Interest For Consultancy Services For Equity Market Development Strategy And Roadmap For UzbekistanLocal Currency And Capital Markets Development Lc2 Is One Of The Key Strategic Initiatives Of The European Bank For Reconstruction And Development The Ebrd Or The Bank The Strategic Objectives Agreed For Lc2 Are To Achieve More Efficient And Self Sustaining Financial Intermediation In The Countries Where The Bank Operates Through Broader Use Of Local Currency Instruments And The Development Of Local Capital Markets Thereby Contributing To Economic Progress And Fostering A More Stable Financial Environment Technical Cooperation Is One Of The Most Important Mechanisms Used To Achieve The Desired Transition Impact The Ebrd Is Seeking To Appoint A Team Of Equity Market Experts To Develop The Equity Market Strategy And Roadmap For Uzbekistan The Project The Project Will Be Implemented In Close Cooperation With The Asian Development Bank The Adb Under The Guidance Of The Capital Market Development Agency Of Uzbekistan The Cmda The Capital Markets In General In Uzbekistan Are Still Underdeveloped Although The Local Policy Makers Recently Implemented Several Measures To Develop Local Money And Capital Markets Challenges Still Remain Large There Have Been Key Reform Measures Implemented In The Financial Markets With The Liberalisation Of Foreign Currency Regime In September 2017 Issuance Of Government Bonds In December 2018 And Establishment Of A New Capital Market Authority In January 2019 Series Of These Measures Demonstrate A Strong Commitment Of The Government To The Reform
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