Tashkent, Uzbekistan (UzDaily.uz) — Tashkent and investment banking firm Oppenheimer & Co. have signed a cooperation agreement to develop collaboration on attracting investment and financing urban projects, the Tashkent city administration’s press service reported.
The agreement was signed following a meeting between Tashkent Mayor Shavkat Umurzakov and Max Lamy, chief executive officer of Oppenheimer & Co.’s investment banking business for Europe, the Middle East and Africa.
The sides discussed prospects for Tashkent to access international capital markets, including the possibility of issuing municipal bonds. They also considered mechanisms for attracting investment to major infrastructure and urban development projects.
The meeting participants separately discussed expanding public-private partnerships, applying international financial instruments and studying foreign experience in managing municipal finances.
They also explored opportunities to improve the professional skills of local specialists.
The agreement is expected to provide a basis for expanding cooperation with international financial institutions and investors and help attract additional funding for Tashkent’s planned projects.
