Tashkent receives right to issue bonds

Tashkent, Uzbekistan (UzDaily.com) -- The city administration of Tashkent received the right to issue bonds to attract free funds of the population.

The President of Uzbekistan signed a decree “On the legal experiment on the introduction of a special management order in the city of Tashkent”.

The head of Uzbekistan allowed the khokim of the city of Tashkent to attract free funds of the population to profitable investment projects, approved or developed by the National Project Management Agency under the President of the Republic of Uzbekistan, by issuing securities in the form of bonds of the city of Tashkent or shares of newly created economic companies.

The Ministry of Finance and the Center for Coordination and Development of the Securities Market under the State Committee for Competition of the Republic of Uzbekistan were instructed to assist the khokim of Tashkent city in issuing securities.

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