On May 24, 2023, an international scientific and practical conference “Modern trends and prospects for the development of the financial system” was held at the Tashkent Financial Institute, dedicated to the 100th anniversary of Hikmat Rakhimovich Sobirov – Doctor of Economics, Professor, Honored Economist of Uzbekistan.

The conference was organized to solve the program settings determined by the Development Strategy of New Uzbekistan for 2022-2026, to identify strategic tasks in priority areas in the field of financial development, and also, within the framework of the Concept for the Development of the Higher Education System of the Republic of Uzbekistan until 2030, is aimed at strengthening the international cooperation in the modernization of higher education, increase in scientific potential, development of education and science.

The conference was held to discuss actual issues and develop new approaches to solve problems with the involvement of scientists and specialists at the international level in the following topical areas:

– Theory and practice of public finance: modern problems and solutions

– Priority areas for ensuring openness and transparency of the processes of formation and execution of the state budget

– Prospects for the use of alternative financing in socio-economic processes

– Role of innovative financial technologies in improving the financial system

– Current trends in the global financial system

– Financial aspects of achieving the sustainable development goals.

This conference is especially significant in that it is dedicated to the 100th anniversary of the birth of Hikmat Rakhimovich Sobirov – Honored Economist of Uzbekistan, Doctor of Economics, Professor – a scientist who left a significant mark on the history of the Institute with his scientific works, many years of conscientious and fruitful work, his scientific legacy related to the history of finance in Uzbekistan.

Scientific conclusions and practical recommendations were developed on the basis of the results of the discussed issues to improve public finance, expand alternative sources of financing for economic and social processes, widespread use of innovative financial technologies, as well as strengthen the financial foundations for achieving the sustainable development goals.