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Economics

Tashkent signs cooperation deal with Oppenheimer & Co. on urban financing

Tashkent has signed a cooperation agreement with US investment bank Oppenheimer & Co. as the capital looks to municipal bonds as a potential source of funding for urban development and infrastructure projects.

Tashkent has signed a cooperation agreement with Oppenheimer & Co. on urban financing.

The deal came after a meeting between Tashkent Mayor Shavkat Umurzakov and Max Lami, Oppenheimer & Co.’s Chief Executive Officer and Head of Investment Banking.

During the talks, the sides discussed the city’s access to international capital markets and the possible issuance of municipal bonds, as well as ways to draw investment for major infrastructure and urban development projects.

They also discussed public-private partnerships, international financial instruments and the use of foreign expertise in managing municipal finance. In addition, the two sides considered opportunities to enhance the professional skills of local specialists.

municipal financemunicipal bondsinternational capital marketspublic-private partnershipsoppenheimer & courban developmentinfrastructure investmenttashkent

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