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Uzbekistan, Rothschild&Co discuss further development of co-op

Uzbekistan Materials 6 September 2024 11:51 (UTC +04:00)
Uzbekistan, Rothschild&Co discuss further development of co-op
Kamol Ismailov
Kamol Ismailov
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TASHKENT, Uzbekistan, September 6. Uzbekistan and Rothschild&Co discussed development of cooperation, Trend reports.

The news followed a meeting between the Deputy Prime Minister, Minister of Economy and Finance of Uzbekistan Jamshid Kuchkarov with representatives of the Rothschild&Co delegation headed by member of the supervisory board Arielle Malard de Rothschild.

During the meeting, the parties discussed economic processes in Uzbekistan, in particular, the reforms being carried out in stages, including the transition to market principles in the energy sector, and their results, bringing the banking and financial sector to a new level and the privatization of SOBs, the processes of transformation of companies operating in the mining industry.

The parties also exchanged views on their experience in bank privatization, the activities of Rothschild & Co in Uzbekistan, and cooperation in the above-mentioned areas.

Earlier in 2022, the Ministry of Energy of Uzbekistan and the UK’s Rothschild & Co. investment bank signed a cooperation agreement.

This agreement helps to attract the Rothschild & Cie and NM Rothschild & Sons Limited banks as strategic consultants for the analysis of current promising projects in the energy sector of the country. In particular, to identify and attract potential investors through project financing, loans, and direct participation in energy projects.

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