The US Treasury Department will appoint consultants to the Ministry of Finance, the State Tax Committee (STC) and the Capital Market Development Agency of Uzbekistan, the MFA press service reported.  

It is noted that following the talks on July 17, a ceremony of signing a memorandum between the Ministry of Finance of Uzbekistan and the US Treasury Department on technical cooperation in the financial sector was held in Washington.

The document provides for cooperation between the parties in implementing programs to build financial capacity in such areas as development of the local capital market for corporate and government securities, managing a portfolio of bonds, issuing state guarantees for public-private partnership projects, forecasting macroeconomic and tax risks, budget planning, ensuring compliance with tax disciplines, banking, countering economic crimes and others.

An agreement was reached to organize in the near future a series of visits of the US Treasury Department target groups to Uzbekistan in order to develop technical tasks and interaction plans for implementation of designated areas of cooperation.

As the Embassy of Uzbekistan in Washington reports, the US Treasury Department intends to appoint three consultants to the Ministry of Finance, the State Tax Committee and the Capital Market Development Agency on a long-term basis (from 1 to 3 years).