Uzbekistan’s sovereign international bonds denominated in the national currency were recognized as the “Best Local Currency Bond of the Year”
2025-11-29 16:05:00 / News of ministry
During several panel sessions held within the framework of the forum, participants discussed the development of financial markets in the region, the implementation of ESG principles, public debt management policies, the outlook for the corporate international bonds market and emerging trends in global investment flows.
The panel sessions were attended by high-level government representatives from Uzbekistan, Albania, Poland, Slovakia, Romania, Slovenia and Hungary, as well as senior executives of investment banks, law firms, rating agencies and investment funds from the United States, the United Kingdom, Europe and the Middle East.
It is worth noting that one of the forum’s panel sessions was dedicated to Uzbekistan. In particular, the session titled “The New Silk Road: Can Uzbekistan capitalise on recent growth and lead the way for Central Asia?” featured by Jasur Karshibaev, Advisor to the Minister of Economy and Finance, Odilbek Isakov, CEO of Finasia Capital, Hasan Khaydarov, First Deputy General Director of Navoiuran JSC, as well as senior representatives of major foreign investment banks, including Faye Drew, Executive Director at Standard Chartered and Mert Poyraz, Managing Director at Emirates NBD.
The session provided an in-depth discussion of the ongoing reforms in Uzbekistan, the country’s macroeconomic performance, its active participation in international financial markets and the progress of state-owned enterprise privatization processes.
In particular, despite the challenging international environment in 2025, the country's continued strong economic growth has been highly appreciated by foreign partners.
In addition, within the framework of the forum, representatives of the Ministry of Economy and Finance held bilateral meetings with leading investment banks (Citi, Deutsche Bank, Emirates NBD, First Abu Dhabi Bank, KFH Capital), credit rating agencies (S&P, Moody’s, Fitch) and the law firm (Latham & Watkins) to discuss prospects for future cooperation.
At the conclusion of the forum, Uzbekistan’s sovereign international bonds issued in February 2025 in the national currency were recognized by Global Banking & Markets as the “Best Local Currency Bond of the Year” among sovereign issuers, international financial institutions and agencies.
For reference: This transaction has been recognized by international investment banks as the largest deal executed in the Central and Eastern Europe, Middle East and Africa (CEEMEA) region over the past decade as well as the largest ever transaction within the CIS region.
Ministry of Economy and Finance
Information Service