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The Government of Uzbekistan has adopted an important series of initiatives to create a market-based housing finance system, yet recognizes that there remains much work to be done. This note provides guidance on the themes that were discussed with authorities and industry participants during mission to Uzbekistan on November 6-16, 2006 and February 22 to March 2, 2007. The note is based on missions conducted in 2006 and 2007 by Britt Gwinner, FPDSF, and Michael Borish, a review of government documents, and a review of studies conducted by other multilateral institutions. It benefits from cooperative research and analytical work done by the local staff of IFC Central Asia Primary Mortgage Market Development Project in identifying the legal and regulatory gaps in the county's housing finance system, as well as their additional background research under the TOR for developing this note. The World Bank would like to thank the officials of the Ministry of Finance, Ministry of Economy, Ipoteka Bank, and others for their generous cooperation.
