Factoring Conference: Unlocking New Opportunities for Business Financing.

The Central Bank of Uzbekistan, the International Finance Corporation (IFC), and FCI held a conference focused on innovative business financing through the use of movable assets.

https://uzdaily.uz/ru/konferentsiia-tsb-uzbekistana-i-ifc-novye-vozmozhnosti-finansirovaniia-biznesa/2024-12-07 12:57:51

The Deputy Chairman of the Central Bank of Uzbekistan, A. Turdaliyev, spoke about plans to increase the volume of factoring operations tenfold over the next three years. Participants discussed expanding access for SMEs to financing through factoring and supply chain financing, reviewed the regulatory framework, global trends, risk management, the role of digitalization, and international experiences in the application of these tools.

The regional head of the IFC in Uzbekistan, Neil McKean, emphasized the importance of the conference for the development of the factoring and supply chain financing market in Uzbekistan, noting the potential of factoring for job creation and economic growth.

Participants highly appreciated the relevance of the topics discussed and expressed hope for the further development of these financial instruments to support businesses.