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Financial education in Uzbekistan

 

This page provides an overview of financial literacy in Uzbekistan and access to information relating to the country's financial education activities. Uzbekistan is one of the five countries participating in the OECD/Russia Technical Assistance Project on Financial Education in the Commonwealth of Independent States (CIS)/Eurasia.

Financial literacy in Uzbekistan

Uzbekistan started implement financial education initiatives in recent years. In 2020, Uzbekistan launched the process of the development of National Financial Inclusion Strategy (NFIS) as a multi-stakeholder effort led by the Central Bank of Uzbekistan (CBU) with technical assistance from the World Bank Group (WBG). Financial education is one of the pillars of the National Financial Inclusion Strategy. A range of stakeholders from public sector, including the Ministry of education and science, the private sector, civil society and NGOs are involved in the process of works.

A roadmap on developing and implementing financial education initiatives in Uzbekistan will be developed and approved under the financial education pillar of NFIS.

Uzbekistan will participate in the data gathering survey run by the OECD in 2020. Data on levels on financial literacy will be available soon.

 

Uzbekistan's participation in the project

In 2020, Uzbekistan joined the Technical Assistance project focusing on the Commonwealth of Independent States (TA project for the CIS) provided by the OECD and its International Network on Financial Education (OECD/INFE), with the support of Ministry of Finance of Russian Federation. The TA project for the CIS phase II started in 2020 and running until 2022. It is building on the outcomes of phase I and continues providing tailored guidance and technical support for the design, implementation and review of evidence-based financial education strategies and policies in CIS economies including Armenia, Belarus, the Kyrgyz Republic, Uzbekistan and Tajikistan and is extended with Azerbaijan and Kazakhstan for some specific deliverables.

 

The OECD is providing technical assistance to the CBU for the development of the financial education Roadmap of the NFIS in Uzbekistan, as well as organisation of peer learning activities.

 

Additionally, experts from Central Bank of Uzbekistan and other institutions are actively taking part in the events and conferences organised in the framework of the TA assistance project.

 

 

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Project documents and links

The following documents produced within the framework of the project are either specific to Uzbekistan or contain a section relating to Uzbekistan

 

 

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