Ministry of Economy and Finance of the Republic of Uzbekistan

For reference: Raiffeisen Bank International (RBI) is one of the leading international banking groups operating in Central and Eastern Europe, headquartered in Austria. The Bank provides a wide range of corporate and investment banking services.

RBI plays a key role in connecting international financial markets with local markets, offering comprehensive solutions in capital markets and custody services, and actively contributing to the development of financial infrastructure and the expansion of investment flows in emerging economies.

During the meeting, the parties exchanged views on the large-scale reforms being implemented under the leadership of the President of the Republic of Uzbekistan, Mr. Shavkat Mirziyoyev, within the framework of the “Uzbekistan–2030” Strategy, as well as on the positive outcomes achieved to date. In particular, the positive dynamics of macroeconomic indicators, including economic growth and inflation trends, were highlighted.

Mr. Rainer Schnabl noted that Uzbekistan ranks among emerging markets actively implementing reforms and emphasized that the country’s macroeconomic stability plays a key role in strengthening investor confidence. He also highly commended the successful placement of sovereign international bonds denominated in the national currency in the amount of UZS 12.2 trillion at a yield of 12.25% in international financial markets.

It was noted that preparatory work is being carried out by RBI to establish custody services aimed at attracting foreign investors to Uzbekistan’s domestic financial market.

Within the framework of the meeting, an agreement was signed between RBI and the Central Securities Depository to establish correspondent relations and open an account. In addition, an official confirmation of the account opening with the Central Bank was presented to the representatives of RBI.

The attraction of foreign investors to the government securities market will contribute to diversifying the investor base and lowering interest rates.

At the conclusion of the meeting, an agreement was reached with Mr. Rainer Schnabl, Member of the Management Board of RBI, to strengthen comprehensive cooperation aimed at developing Uzbekistan’s domestic financial market, including the government securities market.

PR and Communications Department

Ministry of Economy and Finance