Several investment corporations from Wall Street may visit Uzbekistan

The Embassy of Uzbekistan in the United States organized an extended meeting with representatives of leading US corporations, funds and banks from Wall Street.

According to the press service of the Foreign Ministry, the event was attended by over 50 people representing more than 30 major US companies, including such investment funds as Lazard Asset Management, GoldenTree Asset Management, Morgan Stanley Investment Management, Eaton Vance Corp., Callaway Capital Management, VanEck, HIMCO, Jyske Capital, Oppenheimer, TIAA and others, managing assets worth over $100 billion.

Furthermore, representatives of the US Department of State, Department of the Treasury, USAID, OPIC, as well as experts from the Heritage Foundation, the Central Asia-Caucasus Institute, The Diplomat and Washington Diplomat publications did also attend the meeting.

Delivering a welcoming speech, the Ambassador of Uzbekistan Javlon Vakhabov noted the current trends in economic development of Uzbekistan, priority areas for improving the fiscal policy, banking-monetary, customs and tax spheres, as well as outlined the benefits and preferences created for foreign investors.

Deputy Finance Minister of Uzbekistan Golib Kholjigitov and Deputy Chairman of the Central Bank Ilkhom Norkulov, who arrived in Washington to attend the spring session of the IMF, gave detailed answers to participants’ questions regarding the GDP growth, inflation, the volume of foreign direct investment and borrowed loans, privatization of state-owned enterprises, plans of public and private companies of the country for further placement of Eurobonds.

Following the negotiations, the parties reached an agreement on organizing the visit of representatives of several investment corporations from Wall Street to Uzbekistan in the near future to study the local market and subsequent financial investments.