The Ministry of Finance, under the leadership of Minister Almaz Baketaev, held a meeting with heads of commercial banks and financial institutions. The main focus was on new mechanisms for financing state programs and currency risk management tools.

At the meeting was presented the mechanism of issuance of state treasury bonds. In 2023, their issue allowed to attract 10 billion soms for capital investments, and in 2024 the volume of funds increased to 15 billion soms. These funds are used to modernize infrastructure and key facilities in the country.

Special attention was paid to currency swap operations, the volume of which today amounted to $78 million 340 thousand, of which $44 million 340 thousand was realized in 2023, and $34 million - for 10 months of this year. This mechanism helps banks and the government to manage foreign exchange risks, which is an important factor in a volatile foreign exchange market.

“The financial system, in which banks play a key role, serves as the basis for stability and growth of the economy. Joint projects with the Ministry of Finance give banks an opportunity to expand their services, and the state - to modernize infrastructure,” Baketaev said.

The Minister emphasized that despite the support and open opportunities for joint work, banks are not yet actively using this potential. Calling for closer cooperation, he noted the success of those financial institutions that already participate in state programs.

“The ministry has developed a number of financial instruments for issuing securities and other digitalization mechanisms. We are waiting for banks with a special offer as part of joint cooperation. But, unfortunately, we have not yet received an offer from any commercial bank or financial organization,” Baketaev concluded.

The meeting ended with the presentation of departmental awards to bank representatives for their contribution to the implementation of state projects. It is planned that such meetings will become regular to ensure sustainable development of the country's financial system.