OREANDA-NEWS. On March 10, 2009 Committee on budget and economic reforms on Legislative Chamber of Oliy Majlis of Uzbekistan in cooperation with the Central Bank of Uzbekistan and Uzbekistan Banking Association organized a seminar "Expansion of investment and credit activities of the commercial banks in prevention of consequences of global economic crisis, modernization of the country and development of real sector of economy".

MPs of Legislative Chamber of Oliy Majlis, representatives of the Central Bank of Uzbekistan and Uzbekistan Banking Association, commercial banks and other interested ministries and departments participated at the event.

Uzbekistan undertook several measures to prevent negative effect of global crisis. Commercial banks play key role in implementation of these measures. Commercial bank should assist enterprises and exports to boost production and expansion of exports.

Participants discussed implementation of tasks, stipulated in the decrees and resolutions of the president and government of Uzbekistan, directed to support enterprises of real sector of economy and other investment and credit activity of the commercial banks.

The seminar also considered draft laws, which are discussed at the Legislative Chamber of Oliy Majlis of Uzbekistan, including changes and amendments to the Law "On bankruptcy", "On Central Bank of Uzbekistan", "On banks and banking activity" and "On joint-stock companies and protection of shareholders' rights".