Translated with AI
A strategic meeting dedicated to capital market development and Tajikistan's international integration took place in Washington, D.C., the US capital. The talks took place at the headquarters of the US Securities and Exchange Commission.
The event was organized under the leadership of the Minister of Finance of the Republic of Tajikistan, Qahhorzoda Fayziddin Sattor, and coordinated by First Deputy Minister Majidi Yusuf Khairullo. It was held as part of the implementation of the instructions of the Founder of Peace and National Unity – Leader of the Nation, President of the Republic of Tajikistan Emomali Rahmon, aimed at developing the government and corporate securities market, introducing new financial instruments, and increasing market transparency.
The Tajik side was represented at the meeting by Nigina Abdurahmonzoda, Director of the Agency for Securities and Special Registration of the Ministry of Finance of the Republic of Tajikistan. The American side was represented by SEC Commissioner Hester Peirce, Deputy Director of the Department of Economic Analysis and Risk Management Robert M. Fisher, and Advisor to the Director of the Office of International Relations Andrew M. Levchik.
The meeting took place as part of an international event—the 32nd annual International Institute for the Development and Growth of Capital Markets, which is attended by heads of capital market regulators from around the world.
The parties discussed key issues related to the development of the Republic of Tajikistan's capital market, strengthening international cooperation in financial market regulation, and implementing best international practices in the securities market infrastructure. It was emphasized that cooperation with the SEC, one of the world's leading capital market regulators, is of strategic importance.
Particular attention was paid to regulatory and supervisory mechanisms, including the implementation of risk-based oversight practices, investor protection, and increased market transparency. The development of trading, clearing, and settlement systems, as well as the digitalization of capital market processes, were also discussed.
Risk management and economic analysis were addressed separately, including the use of modern data analysis tools and monitoring of systemic risks in the financial market. The parties also discussed the development of modern financial instruments, including government and corporate securities, as well as sustainable finance instruments, including green and ESG instruments.
It was emphasized that the experience of the United States of America, in particular the SEC, as one of the most developed capital market regulation systems in the world, is of strategic importance for the Republic of Tajikistan.
Following the meeting, the parties expressed their readiness to expand practical cooperation, including the provision of technical assistance, the implementation of joint projects, and the development of a roadmap for the development of the capital market of the Republic of Tajikistan.
It was noted that this cooperation will contribute to strengthening the country's financial system, increasing investor confidence, and further integrating the Republic of Tajikistan into global capital markets. This initiative is viewed as an important strategic step toward ensuring sustainable economic development and implementing international standards.
