The Ministry of Finance of the Republic of Uzbekistan reported that Deputy Prime Minister and Minister of Economy and Finance Jamshid Kuchkarov met a United Kingdom delegation led by Minister of State for Investment Lord Jason Stockwood to discuss closer financial and investment cooperation. The talks focused on developing Uzbekistan’s capital markets, expanding cooperation with the London Stock Exchange, increasing the country’s participation in international capital markets, placing sovereign and corporate securities, and continuing privatization and initial public offering processes for state-owned enterprises. The discussion also covered cooperation in urban planning, regional development and master plan preparation, with reference to ongoing projects involving UK companies. Separately, the parties reviewed ways to expand cooperation with UK Export Finance, including deeper use of its financing mechanisms, faster preparation of joint projects and stronger working-level coordination among relevant ministries and agencies. Cooperation with Standard Chartered Bank was also discussed in the context of international capital markets access, sovereign bond issuance, improvements to capital markets legislation and attracting foreign investment. The sides agreed to continue practical dialogue to broaden investment, financial and infrastructure cooperation, accelerate existing initiatives and develop new joint projects.

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