BAKU, Azerbaijan, October 8. Uzbekistan briefed
more than 50 foreign institutional investors on its macroeconomic
outlook, government securities market and investment opportunities
during an online meeting held with Raiffeisen Bank International
(RBI) on Oct. 7.
This was reflected in the statement by the Ministry of Economy
and Finance of Uzbekistan.
The meeting was organized as part of Uzbekistan’s efforts to
strengthen regular engagement with international institutional
investors and attract greater foreign investment into the country’s
local-currency government securities market.
Participants received an overview of Uzbekistan’s current
macroeconomic conditions and outlook, fiscal and monetary policies,
the state of the government securities market and ongoing reforms
aimed at developing the sector.
Additionally, the discussions covered measures to expand foreign
investor participation in Uzbekistan’s domestic financial
market.
Earlier this year, Uzbekistan launched a custodian
infrastructure in cooperation with RBI, allowing foreign
institutional investors to access the country’s domestic financial
market, including through purchases of local-currency-denominated
government securities.
"In recent years, foreign investor interest in Uzbekistan’s
local-currency-denominated government securities has continued to
grow," the ministry said.
This is supported by efforts to strengthen macroeconomic
stability, implement economic and institutional reforms, develop
local-currency financial instruments and expand participation in
international capital markets.
As part of these efforts, Uzbekistan on April 1, 2026, placed
the equivalent of $1 billion in sovereign international bonds
denominated in Uzbek soums, with a coupon rate of 12.25%.
The latest investor meeting provided an opportunity for
Uzbekistan to present its economic outlook and ongoing reforms
while strengthening direct communication with international
investors interested in the country’s local financial markets.
