Expression of Interest for Capacity Building for Selected State Institutions in Uzbekistan: CMDA and MIFT: Export Promotion - COVID-19 Response - Banking Expert

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33105708
Expression of Interest for Capacity Building for Selected State Institutions in Uzbekistan: CMDA and MIFT: Export Promotion - COVID-19 Response - Banking Expert
ICB
Uzbekistan
02-10-2020

Tender Details

Capacity Building For Selected State Institutions In Uzbekistan: Cmda And Mift: Export Promotion - Covid-19 Response - Banking Expert Like Most Of The Ebrd’S Countries Of Operation, Uzbekistan Is Facing Significant Challenges Of Covid-19 Pandemic. Banking Sector Is The Forefront Of The Covid-19 Response, With Banks Channeling Liquidity Support To Smes And Support Restructuring. Pre-Crisis, The Banking Sector In Uzbekistan Has Started On The Critical Transformational Change. The Banking Sector Strategy Approved By The Uzbekistan President On 14 May 2020 Has Confirmed The Course Towards The Reform, Including Privatisation Of Certain Banks And Attracting Investment Into The Sector. It Is Important To Ensure That The Banking Sector Stays On The Track In Line With Implementation Of The Banking Sector Strategy, Including To Mitigate Any Negative Effect Of The Covid-19 Pandemic. The Ministry Of Investment And Foreign Trade Of Uzbekistan (Mift) Is The Government Authority Leading Investment Attraction. With Respect To The Banking Sector, The Mift Is Playing A Critical Role By Overseeing The Fund For Reconstruction And Investment Of Uzbekistan (Ufrd), Which Is, Since Recently, The Majority Shareholder Of Record Of The State-Owned Banks (Sobs) Of Uzbekistan. Sobs Play A Central Role In The Uzbek Economy, Representing 84% Of Total Assets, 72% Of Deposits And 88% Of Loans, According The Data Of The Central Bank Of Uzbekistan (Cbu) As Of 1 March 2020. Thus, The Mift, Through Ufrd, Has The Legal Obligation To Oversee The Relations With The Sobs In The Capacity Of A Majority Shareholder. Assignment Description: This Assignment (The “Assignment”) Aims At Enhancing Capacity In Mift By Providing A Dedicated Professional Expert (The “Expert”) On A Short-Term Basis. The Expert Will Focus On Supporting Capacity Enhancement Of The Mift Through Mift And Ufrd, The State Is Able To Properly Exercise Its Rights As A Majority Shareholder In The Sobs.

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