JPMorgan Chase to help Uzbekistan to obtain sovereign credit rating

President Shavkat Mirziyoyev signed a Resolution “On additional measures to diversify sources of external financing”.

According to the document, a consortium of banks headed by JPMorgan Chase was chosen as a financial consultant in obtaining a sovereign credit rating and emission of sovereign bonds. The Minister of Finance was authorized to sign relevant agreements with the consortium, international companies and rating agencies.

The financial costs of sovereign bonds emission, obtaining a sovereign credit rating and services of transfer and listing agencies are covered by the Reserve Fund under the Ministry of Finance.

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