Tashkent’s city administration has discussed access to international capital markets with the investment banking division of Oppenheimer & Co., including the potential issuance of municipal bonds and attracting investment to finance major infrastructure and urban development projects. The two sides signed a cooperation agreement following the meeting, the city administration’s press service reported.
The meeting was attended by Tashkent Mayor Shavkat Umurzakov and Max Lamy, Oppenheimer & Co.'s chief executive officer for investment banking in Europe, the Middle East and Africa.
The parties also discussed attracting investment, developing public-private partnerships, using international financial instruments and adopting foreign experience in municipal finance management. They also considered professional training for local specialists.
The city administration expects the agreement to strengthen ties with international financial institutions and investors and help secure additional funding for urban projects.
On April 16, President Shavkat Mirziyoyev held a meeting on economic growth and improving business conditions in Tashkent. The meeting proposed issuing Tashkent eurobonds to raise an additional $500 million in 2026.
The English version of this material was generated with the assistance of AI translation tools and may differ slightly from the original text.
