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Uzbekistan signs memorandum of understanding with French Rothschild & Cie

Finance Materials 11 May 2021 13:17 (UTC +04:00)
Uzbekistan signs memorandum of understanding with French Rothschild & Cie

BAKU, Azerbaijan, May 11

By Klavdiya Romakayeva - Trend:

The Ministry of Finance of Uzbekistan and French Rothschild & Cie signed a memorandum of understanding, Trend reports with reference to the press service of the Ministry of Economic Development and Poverty Reduction of Uzbekistan.

On May 10, the Ministry of Economic Development and Poverty Reduction hosted a meeting of the Deputy Prime Minister, Minister of Economic Development and Poverty Reduction Jamshid Kuchkarov with representatives of JSC Neftegaz, as well as the French company Rothschild & Cie headed by a member of the Board of Directors of Rothschild & Co Ariel Malard de Rothschild.

The meeting was also attended by Deputy Minister Bobur Abdinazarov, First Deputy Minister of Finance Omonullo Nasritdinkhodjaev, Deputy Minister of Finance Odilbek Isakov, Chairmen of the Board of JSC Neftegaz Mehriddin Abdullaev and JSC Neftegaz Ulugbek Sayidov, representatives of other departments.

Following the negotiations, an agreement was signed between Uzbekneftegaz JSC and Rothschild & Cie.

It is reported that the agreement provides for interaction in three areas - assessment and restructuring of the debt portfolio, the attraction of international and project financing. Also, a memorandum of understanding was signed between Rothschild & Cie and the Ministry of Finance of Uzbekistan.

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Follow the author on Twitter: @romakayeva

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