Tashkent Explores Issuing Municipal Bonds with American Company Oppenheimer
The parties plan to seek investments and funding sources for urban initiatives
An agreement on cooperation was signed in Tashkent with the investment banking company Oppenheimer & Co.
This followed negotiations between the khokim of Tashkent, Shavkat Umurzakov, and Max Lamy, the Chief Executive Officer of Oppenheimer & Co.'s investment banking division for the Europe, Middle East, and Africa region.
The meeting discussed the city's potential entry into international capital markets and the issuance of municipal bonds. The parties also separately examined attracting funds for large-scale infrastructure and urban development projects, the development of public-private partnerships, international financial instruments, and foreign approaches to managing urban finances.
Additionally, participants touched upon improving the qualifications of local specialists. The agreement is expected to strengthen cooperation with international financial institutions and investors, as well as enable the identification of additional funding sources for Tashkent's promising projects.
