Mon 04 2016 09:03:45
Tashkent, Uzbekistan (UzDaily.com) -- On 5 April, the chairperson of the State Committee of Uzbekistan on privatization, demonopolization and development of competition Davron Khidoyatova held a meeting with the delegation of the International Finance Corporation (IFC). The delegation was headed by head of investment banking and financial sector for Central Asian countries, Russia and Ukraine Galina Klimenko. During the meeting, the IFC delegation received information on the work of Committee on attracting foreign investors into the financial sector, conditions on sale of state shares available in the statutory funds of banks and financial institutions to foreign investors. They also were informed about terms of participation of portfolio investors in the privatization of banks, the processes of selection and recruitment of consultants in privatization of state property. The IFC representatives were given detailed information about the work on the privatization of state assets with the involvement of strategic foreign investors, as well as introduction of modern methods of corporate management in joint stock companies. In addition, explanations were given on the procedure and conditions regarding the sale of state shares, the practice of participation in the privatization of private valuation companies, financial consultants on the example of the agreements concluded with renowned international companies as Deloitte, Ernst&Young, GrantThornton, etc. At the conclusion of the meeting, the sides expressed readiness to further strengthen the cooperation on the issues of privatization and improving corporate governance.