ACCA is supporting Uzbekistan in its economic reform plans

A partnership aims to promote the sustainable development of the accountancy and audit professions in Uzbekistan. The tripartite MOU is designed support the goals of the Ministry of Employment and Poverty Reduction in implementing the Government's economic reforms.

An innovative voucher scheme is a key part of a three-way agreement which is designed to improve employment in the Central Asian country.

The Ministry of Employment and Poverty Reduction of the Republic of Uzbekistan, Association of Certified Financial Professionals of Uzbekistan (ACFP) and ACCA have come together to support national upskilling and the professional development of accountants.

Alisher Akmalovich Muratov, Deputy Minister, Employment and Poverty Reduction, said: 'The MoU will support training local specialists in accordance with international accounting education standards at practical knowledge and practical skills level. The voucher scheme is aimed at providing a three-level qualification programme for finance and economic professionals based on international accounting education standards.'

Magda Krupa-Hernandez, Director, EEMA, ACCA, said: 'ACCA is pleased to be working with the Ministry and ACFP. Through this initiative, ACCA will contribute to strengthening professional learning pathways and developing finance and accounting skills aligned with international standards. We also look forward to exploring opportunities to train the local tutors and with support of ACCA partners.'

Ashurov Mumin Xurramovich, Director, ACFP, said: 'This tripartite partnership supports the Ministry's national upskilling and professional development initiative, including the introduction of a professional voucher system aimed at improving employability and labour market competitiveness.'

The MoU - which will include undertaking joint research work and sharing existing research - is set to run for five years from March 2026.