Sat 10 2015 11:46:44

Tashkent, Uzbekistan (UzDaily.com) -- Executive Committee of the Political Council of UzLiDeP in cooperation with the Central Bank of Uzbekistan jointly organized a seminar titled “The place and role of the banking and financial institutions to further strengthen the support and development of small business and entrepreneurship” on 2 October 2015 in Tashkent city.

During the event, the participantsdiscussed a practical activity of banks to provide financial services to business, as well as issues for further cooperation of UzLiDeP and banking and financial institutions to create an enabling business environmenton the basis of UzLiDeP election program.

It was noted at the event, that reform of the banking system has become an importantfactor in ensuring sustainable growth of our economy. UzLiDeP in its turn has actively participated in strengthening the legal framework of banking system including laws “On banks and banking activity”, “On Pledge”, “On Mortgage”, “On investment and mutual funds”, “On electronic commerce” and others.

During the seminar, the participants discussed the Decree of the President of the country dated May 15 of the current year which has created favorable conditions for business development in our country as well as bank representatives explained conditions for obtaining loans for business development.

The participants also discussedthe continuation of active involvement the population, primarily young people and women in business via implementing the joint projectssuch as “Well-Founded Family”, “From the family business to a strong family”,”To business with diploma”. In particular, over the last four years, 18 thousand participants of these projects have established businessby using soft loans of commercial banks to the amount 47 billion soumsand created about 20thousand new and additional jobs.As noted at the seminar that crediting of this year from commercial bankshave increased twice in comparison with last year.

In general, the close cooperation of UzLiDeP with financial and banking institutions which aimed at the implementation of specific measures to support the implementation of private initiatives, business plans of entrepreneurswillstrengthen the economic potential of the regions, provide employment and increase the real incomes of the population.

During the practical conversation the participants received detailed answersto their questions from the professionals.