BAKU, Azerbaijan, October 21. Tashkent city
authorities and U.S. investment bank Oppenheimer & Co. have signed
a cooperation agreement to expand the Uzbek capital’s access to
international financing and explore funding opportunities for major
infrastructure and urban development projects on October 21 in
Tashkent.
This was reflected in the statement by the Tashkent regional
government, following a meeting between Tashkent Mayor Shavkat
Umurzakov met with Max Lami, Oppenheimer & Co.’s chief executive
officer for investment banking in Europe, the Middle East and
Africa to discuss the Uzbek capital’s access to international
capital markets.
Additionally, the parties discussed expanding public-private
partnerships, using international financial instruments, adopting
international best practices in municipal finance management and
improving the skills of local specialists.
Following the meeting, the sides signed a cooperation
agreement.
The agreement is expected to provide a framework for expanding
engagement with international financial institutions and investors,
strengthening Tashkent’s investment potential and securing
additional financing opportunities for future urban development
projects.
Oppenheimer & Co. Inc. is a U.S. investment bank and
full-service financial services firm with roots dating back to
1881. It provides investment banking, securities brokerage, wealth
management, research and capital markets services to individuals,
businesses, institutional investors and public-sector clients. The
company is a subsidiary of publicly traded Oppenheimer Holdings
Inc.
Oppenheimer’s public finance division advises state and local
governments, public agencies and other borrowers on raising capital
for infrastructure and public projects. Its services include
municipal bond underwriting, debt financing and public-private
partnership advisory services, including for transportation, water
and wastewater infrastructure.
