A regular meeting of finance ministers and heads of central banks of the Shanghai Cooperation Organization (SCO) member states was held as part of expanding economic cooperation. The main topics of discussion were the issues of deepening financial partnership, strengthening economic stability in the region, as well as the exchange of national and international practices in the field of financial policy.
During the meeting, the participants emphasized the key role of financial cooperation in ensuring sustainable development and countering global challenges. Special attention was paid to the creation of effective mechanisms for financing joint projects, including the initiative to form the SCO Development Bank, designed to become a tool for long-term support of economic integration.
The Uzbek delegation emphasized the need to strengthen practical cooperation between the member countries, in particular in coordinating macroeconomic policies, stimulating public-private partnerships, and developing privatization as one of the tools for attracting investment in the region's economy.
According to the press service of the Ministry of Economy and Finance of the Republic of Uzbekistan, in conditions of instability of the world economy, accelerating technological transformations and increasing climate risks, the importance of systematic analysis and timely identification of financial threats increases. In this regard, special attention was paid to the launch of the network of SCO financial analytical centers, which has already started its work and is aimed at providing expert support to the participating states.
As a result of the meeting, the parties confirmed their desire to continue joint actions aimed at deepening financial cooperation, expanding mutual trade and investment, as well as strengthening the region's long-term economic stability.
