A Memorandum of Understanding (MoU) was signed between the Tashkent International Financial Center (TIFC) and the Busan Financial Center. The goal of this agreement is to develop institutional cooperation between the two financial centers.
The ceremony for exchanging signed copies of the document took place in Busan on September 16 as part of the annual meeting of the World Alliance of International Financial Centres (WAIFC). Alexey Sim, advisor to the Minister of Uzbekistan for Investment, Industry, and Trade, attended the event.
This memorandum provides for cooperation in the areas of sustainable and digital financing, exchange of best practices in the development and management of international financial centers, as well as the implementation of joint educational and research programs.
Furthermore, the parties intend to expand interaction regarding the attraction of financial institutions, international companies, and professional service providers in both Tashkent and Busan.
This document is the first bilateral partnership agreement for TIFC after it obtained full member status in WAIFC.

