The conference was organized by Central Bank of Uzbekistan, Uzbekistan Baking Association and Banking-Financial Academy.

It was noted that Uzbekistan’s economy developed with sustainable tempo last year. It was said that the volume of investments to fixed capital, made up 22.9% to GDP in 2012. Local and foreign investments for US$11.7 billion were attracted. At the same time, 22% of total investments were foreign investments, of which 79% were foreign direct investments. The resources were directed at creation of capacities on production construction, modernization and reconstruction of production plants, etc.

This year, Uzbekistan eyes to achieve 8% growth of economy. It is expected that industrial output will grow by 8.4%, agriculture production – 6%, investments into fixed capital – 11%, services almost 16% and increase its share in GDP to 53%. Development of high technologic industries should help to achieve these goals.

Senators, MPs, specialists of financial institutions, ministries and departments, commercial banks, international financial institutions, universities and reseach institutes attended the conference.

The participants worked in three sections – Improving stable development of financial-banking system, investment activity of commercial banks and other financial-credit organizations, Ways of further expanding attraction of foreign investments and internal resources, as well as further improvement of mechanisms on stimulating investment activities of financial-credit institutions, and Actual issues of effective management of risks of investment activities of financial-credit organizations, as well as insurance of investments in real sector of economy”.

At the end of the conference, the participants developed recommendations and proposals on considered issues.