Uzbekistan and Thailand intend to deepen cooperation in the field of pension provision, paying special attention to managing funded systems, asset investment, and specialist training.
Tashkent, Uzbekistan (UzDaily.uz)
Discussions on these issues took place during the annual meetings of the International Monetary Fund and the World Bank. Representatives from both countries participated in the negotiations.
Participants included N. Shadikhodzhayev, Deputy Executive Director of the Pension Fund of Uzbekistan; Man Juttidjuda, Deputy Secretary-General for Strategy of the Government Pension Fund of Thailand (GPF); and Prechada Pansin, Deputy Secretary-General for Investments.
The parties exchanged views on the current state of their national pension systems, methods for developing funded pension provision systems, and managing related mechanisms. Issues regarding the investment of pension assets and control of associated risks were also discussed.
At the conclusion of the meeting, participants reached an agreement on further exchange of practical experience and the development of joint work on training specialists for administering funded pension systems.