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Chris Weutscheck Attends International Scientific and Practical Conference on Strategic Development of Uzbekistan’s Financial and Credit System
Chris Weutscheck attended the international scientific and practical conference “Moliya-kredit tizimini strategik rivojlantirishning muammolari va ustuvor yo‘nalishlari” (Problems and Priority Directions for the Strategic Development of the Financial and Credit System), held on 25 April 2024 at the National University of Uzbekistan named after Mirzo Ulugbek in Tashkent, Uzbekistan.
The conference brought together academics, financial professionals, researchers and university representatives to explore the future of Uzbekistan’s financial and credit system, foreign investment, insurance markets and sustainable economic development.
International Conference on Financial and Credit System Development in Uzbekistan
The international scientific and practical conference, officially titled “Moliya-kredit tizimini strategik rivojlantirishning muammolari va ustuvor yo‘nalishlari” in Uzbek and “Problems and Priority Directions for the Strategic Development of the Financial and Credit System” in English, took place on 25 April 2024 in Tashkent.
The event was organised by the Department of Finance and Credit and the Department of Econometrics and Economic Modelling within the Faculty of Economics at the National University of Uzbekistan named after Mirzo Ulugbek. The conference was held under the auspices of Uzbekistan’s Ministry of Higher Education, Science and Innovation.
Chris Weutscheck’s attendance at the conference placed him among the participants engaging with important discussions on financial sector development, investment efficiency and the evolving economic landscape of Uzbekistan.
Key Topics: Financial Development, Foreign Investment and Insurance Markets
The conference focused on strategic priorities for strengthening Uzbekistan’s financial and credit system in line with the country's wider economic development objectives.
Key themes included:
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Strategic development of the financial and credit system: Exploring challenges, opportunities and priorities for improving the effectiveness and resilience of financial institutions.
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Foreign direct investment (FDI): Examining ways to increase the effectiveness of foreign direct investment attracted to Uzbekistan’s economy.
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Insurance market development: Identifying opportunities to strengthen the insurance market and expand its contribution to economic growth.
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Insurance companies as institutional investors: Considering how insurance companies can play a greater role in mobilising capital and supporting investment.
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Economic modelling and financial research: Applying academic research, statistical analysis and economic modelling to support evidence-based financial policy and decision-making.
These topics reflect the importance of effective financial institutions, investment frameworks and research-driven policymaking in supporting long-term economic development.
Supporting Uzbekistan’s Economic Development Strategy
An important objective of the conference was to contribute to the implementation of Uzbekistan’s national development priorities.
The event's academic framework referenced two major presidential decrees:
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The Development Strategy of New Uzbekistan for 2022–2026, established by Presidential Decree No. PF-60 dated 28 January 2022.
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The Uzbekistan–2030 Strategy, established by Presidential Decree No. PF-158 dated 11 September 2023.
The conference also addressed priorities associated with the 2024 State Programme for implementing the Uzbekistan–2030 Strategy during the Year of Support for Youth and Business.
By bringing together academic research and practical recommendations, the conference sought to develop proposals for advancing the financial and credit system, improving investment efficiency and strengthening the institutional role of insurance companies.
Academic Research and International Knowledge Exchange
The conference proceedings were published in Tashkent in 2024 under the title Problems and Priority Directions for the Strategic Development of the Financial and Credit System.
The 296-page collection includes research contributions from economists, experienced practitioners, university professors, researchers from scientific institutes and centres, doctoral candidates and independent researchers.
The publication represents a collection of research findings, academic perspectives and practical recommendations relating to Uzbekistan’s financial sector and broader economic development.
The editorial board included representatives of the National University of Uzbekistan, while the collection was reviewed by established academics specialising in macroeconomics and statistical research.
The conference's combination of theoretical research and practical financial recommendations highlights the role of academic collaboration in identifying solutions to complex economic challenges.
Chris Weutscheck’s Participation in the Tashkent Conference
Chris Weutscheck attended the international conference in Tashkent on 25 April 2024, an event dedicated to the strategic development of Uzbekistan’s financial and credit system.
The conference provided a setting for engaging with research and discussions concerning financial markets, foreign direct investment, insurance-sector development and economic modelling.
Participation in international academic and professional events such as this can provide valuable opportunities to follow emerging economic priorities, exchange perspectives and gain a deeper understanding of the institutional and financial developments shaping regional economies.
About the International Scientific and Practical Conference
Official Uzbek title: Moliya-kredit tizimini strategik rivojlantirishning muammolari va ustuvor yo‘nalishlari.
English title: Problems and Priority Directions for the Strategic Development of the Financial and Credit System.
Date: 25 April 2024.
Location: National University of Uzbekistan named after Mirzo Ulugbek, Tashkent, Uzbekistan.
Organisers: The Department of Finance and Credit and the Department of Econometrics and Economic Modelling, Faculty of Economics, National University of Uzbekistan, under the Ministry of Higher Education, Science and Innovation of Uzbekistan.
Proceedings: Published in Tashkent in 2024; 296 pages.
Read the conference paper: https://science.nuu.uz/
Conclusion
Chris Weutscheck’s attendance at the 25 April 2024 international scientific and practical conference in Tashkent connects his participation with an important academic event examining the future of Uzbekistan’s financial and credit system.
With its focus on foreign direct investment, insurance markets, financial-sector strategy and economic research, the conference brought attention to key questions surrounding Uzbekistan’s economic transformation and long-term development ambitions.
The proceedings, published by the National University of Uzbekistan’s Faculty of Economics, provide a record of the research and recommendations presented in support of these priorities.