The Central Bank of Uzbekistan recently concluded a productive visit to Seoul, Korea, where they actively participated in the international forum on the "Management of International Reserves" organized by the World Bank. Additionally, the delegation engaged in crucial meetings with prominent financial organizations to strengthen ties and share insights on international reserve management.
The international forum, orchestrated by the World Bank, brought together leaders from various central banks worldwide and esteemed international experts. Discussions during the event revolved around the effective management of international reserves, maintaining the balance in monetary policy and reserve management, and optimizing the handling of assets and liabilities within central banks.
The Uzbek delegation, led by key representatives from the Central Bank, actively contributed to these discussions, sharing their experiences and gaining valuable insights from their global counterparts. The exchange of ideas aimed at enhancing the efficiency of international reserve management practices.
In parallel with the forum, the Uzbek delegation seized the opportunity to conduct bilateral meetings with influential figures in the Korean financial sector. Among these meetings were discussions with Marco Ruiz, Director of the International Partnerships Department of the World Bank Treasury (RAMP), Min Jahong, Deputy Chairman of the Bank of Korea, Ju Dong Bin, Managing Director of the Development Bank of Korea (DKB), and Paul Jong Ha, Deputy Chairman of Kookmin Bank.
The primary agenda of these meetings was to explore avenues for fostering stronger cooperation between Uzbekistan and Korea. Discussions centered around potential collaborations, joint initiatives, and mutual areas of interest. Both sides expressed a keen interest in exploring avenues for shared staff development activities to further strengthen their financial ties.
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