KfW Development Bank proposes to help improve financial literacy of Uzbek schoolchildren 

The German bank KfW has expressed interest in cooperating with the Capital Market Development Agency of Uzbekistan. The cooperation concerns not only the sphere of the capital market, but also the sphere of education.

The bank representatives proposed to attract specialists from Germany. They discussed the possibility of introducing subjects on financial literacy and separately on KfW finances at schools, the agency’s press service said.

KfW Development Bank is a German government-owned development bank, which provides financing to governments, public enterprises and commercial banks engaged in microfinance and SME promotion in developing countries.

On behalf of the German Federal Government, KfW is developing cooperation with Uzbekistan. The volume of financing since 1993 amounted to €268.5 million.