Uzbekistan Advances Privatization and Capital Market Plans

Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan held talks in Tashkent on 15 June 2026 with representatives of international companies STJ Advisors and ScholzvonGleich (SVG), focusing on privatization and capital market development.

The meeting was chaired by Deputy Prime Minister and Minister of Economy and Finance Jamshid Kuchkarov.

Participants included STJ Advisors co-founder and Deputy Chairman of the Board David Jennison, ScholzvonGleich Managing Partner Stefan Scholz, and Deputy Minister of Economy and Finance Khurshed Mustafaev.

The parties discussed accelerating privatization processes in the country, transforming state-owned enterprises, improving their efficiency based on market principles, and gradually entering capital markets.

Special attention was given to the activities of the Uzbekistan National Investment Fund (UzNIF), including an assessment of current results and the definition of its future development priorities.

The sides also exchanged views on expanding cooperation with international investors, attracting private capital, and introducing modern corporate governance practices in the public sector.

The meeting noted that ongoing economic reforms in Uzbekistan aimed at ensuring macroeconomic stability, increasing transparency in privatization procedures, and improving state asset management are contributing to growing interest from international financial institutions and investors.

Participants emphasized that sustained economic growth and a favorable investment climate are strengthening Uzbekistan’s position as a promising partner in capital markets.

The parties agreed to continue bilateral cooperation and deepen dialogue on privatization and financial market development.