Microsoft Word Microfinance development in Uzbekistan Eng doc

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Microfinance development in Uzbekistan

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TASHKENТ 2005 
The views expressed in this publication are those of the authors and do not necessarily reflect 
the views of the CER 
Center for Economic Research, 2005 

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Copyright - Center for Economic Research. Any abstracts from this publication may be 
reproduced unaltered with the official permission of the CER on condition that the source is 
indicated. For reproduction or translation rights, requests should be directed to CER, 5 
Usmon Nosir Street, 1 tupik, Tashkent, 700070, Uzbekistan 
Research Team: 
Research group leader 
Shakhrukh Khakimov 
National experts 
Talipov Kamoliddin, Mirzaev Mubin, 
Muhiddinov Erkin, Abdukarimov Ravshan, 
Navotniy Aleksandr, Oblomurodov Narzullo,
Rustam Sulaymanov, Bilolitdin Nuritdinov, 
Abdukhamidov Akram 
Coordinator 
Janna Fattakhova 
Acknowledgments 
 
We, the authors express our gratitude to the TAHLIL Center for Social Studies for 
conducting the comprehensive poll which provided the basis for this policy paper. We would 
also like to express special gratitude to Mr. U. Rakhimdjanov, the UNDP “Sustainable 
Income Generation” project, the heads of two leading microfinance organizations Mr. O. 
Karimov of “Barokot” and Ms. M. Shirinova of “Sabr”, and colleagues from the Central 
Asian Microfinance Alliance (CAMFA) for their valuable comments and practical 
contributions during the preparation of this report. We are also grateful to representatives of 
international financial institutions Mr. E. Trushin of the World Bank, Mr. U. Umarov of the 
International Finance Corporation, and Mr. A. Afarinov for their assistance and valuable 
comments on certain issues in the report. We are also grateful to the members of the CER 
Problem Council for their valuable contributions during the preparation of this report. Special 
thanks also go to Mr. Christian Larson for editing and proofreading of the report. 

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