The regular gathering of finance ministers and central bank leaders from SCO member countries took place.
Special attention was given to strengthening financial partnership, promoting economic stability, and exchanging best practices in finance.
The participants highlighted the significance of financial cooperation within the SCO in maintaining regional economic stability.
The discussion covered project financing mechanisms and the endorsement of the proposal to establish the organization’s Development Bank.
The Uzbekistan delegation emphasized the importance of enhancing practical cooperation in coordinating macroeconomic policies, supporting public-private partnerships, and facilitating privatization processes to attract more investment.
The Ministry of Economy and Finance stated that in the current unstable global economy, technological advancements and climate risks, as well as systematic analysis and threat assessment, have become crucial. In this regard, the launch of the SCO network of financial analysis centers was noted with satisfaction.
After the meeting, the participants agreed to consistently continue their joint efforts to deepen financial cooperation within the SCO, promote mutual trade and investment, and maintain regional economic stability.
Nasiba Ziyodullayeva, UzA