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Wall Street shows interest in Uzbek capital market

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

The event saw more than 50 people, representing over 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, whose assets are estimated at over $100 billion.

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

As a result of talks, an agreement was reached to organize a visit of representatives of several investment corporations from Wall Street to Uzbekistan in the near future in order to study the local market and subsequent financial investments.

According to the correspondent of The Washington Diplomat Viktor Shibli, the liberalization of legislation, the creation of acceptable conditions for foreign investors open a new era in Uzbekistan's dialogue with major players in the international banking and financial system.

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