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Russia & CIS

Uzbekistan Plans Ambitious IPO Schedule

Following the death of President Islam Karimov in 2016, Uzbekistan’s new President, Shavkat Mirziyoyev has set the country on a long but necessary path to reform. The relaxation of foreign exchange markets, release of political prisoners, and the sovereign’s debut Eurobond issuance have all since highlighted reform efforts in one of Asia’s most tightly controlled markets. Now, as the government looks to implement sweeping privatisation programmes across swathes of the economy, questions remain over the scale of borrowing needed, regulatory shifts, and the risk of reform fatigue.

Jan 21, 2020 // 7:00AM

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