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Tashkent, Uzbekistan (UzDaily.uz) — Uzbekistan’s Deputy Prime Minister and Minister of Economy and Finance Jamshid Kuchkarov met with representatives of international investment company Franklin Templeton on 13 October.
The parties discussed the transformation of state-owned enterprises, capital market development and opportunities to expand cooperation with foreign investors, the Ministry of Economy and Finance of Uzbekistan reported.
The meeting was attended by Manraj Sekhon, Chief Investment Officer of Templeton Global Investments and Chief Executive Officer of Templeton Asset Management; Marius Dan, CEO for Central Asia at Templeton Global Investments; and Khurshed Mustafayev, Deputy Minister of Economy and Finance responsible for the oil and gas sector.
One of the key topics was the transformation of companies in the portfolio of Uzbekistan’s National Investment Fund (UzNIF).
Participants considered ways to improve corporate governance, increase financial transparency and strengthen the investment appeal of these enterprises.
Particular attention was given to preparing shares in several companies for initial public offerings (IPOs). The meeting addressed prospects for companies entering international capital markets, attracting institutional investors and applying international experience in preparing share offerings.
The participants also exchanged views on measures to improve the efficiency of investment processes and introduce corporate practices that meet international standards. These areas were discussed in the context of developing long-term investment cooperation.
Following the talks, representatives of Uzbekistan and Franklin Templeton expressed interest in continuing the dialogue, further exploring opportunities for cooperation in priority areas and discussing joint initiatives.
The meeting provided a platform to discuss the development of Uzbekistan’s capital market, improving the performance of state-owned enterprises and expanding engagement with international investors.
Anvar Umarov
Anvar Umarov is the founder and editor-in-chief of UzDaily, a leading business and news publication covering Uzbekistan and Central Asia. With over 20 years of experience in journalism, he has also worked as a PR manager for both state and private organizations, bringing a broad perspective on media, communications, and public affairs to his editorial leadership.
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