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ECONOMY
- Uzbekistan
Uzbekistan, IFC discuss reforms in mortgage market-UZ DAILY

(Read the full article on uzdaily.uz)

On June 21, 2021, an online meeting was held with the minister of finance of the Republic of Uzbekistan Timur Ishmetov, project management coordinator of the International Finance Corporation Daniel Sousa, and a delegation led by Chief Expert Pamela Hedstorm, UZ DAILY reported.

The meeting was attended by finance minister Omonullo Nasritdinkhodjayev and Odilbek Isakov, director of the department of financing and development of the mortgage lending market Farrukh Botirov and employees of this department.

The meeting was also attended by experts of the International Finance Corporation Maria Turetski, Elena Klepikova, Natalia Pastukhova, Stephen Orleski and others.

Since 2018, Finance Minister Timur Ishmetov has been cooperating with the Asian Development Bank to implement structural reforms to develop the mortgage market in Uzbekistan, improve existing legislative documents, in particular, with the participation of the Ministry of Finance and commercial banks, create an Uzbek company for refinancing mortgage loans, allocate long-term funds from this company, from the account of these funds, commercial banks provided information to the population that mortgage loans are allocated in the market for the purchase of housing in the primary and secondary markets, as well as loans for housing repairs.

Jun 24, 2021

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