Sunday, 10, December, 2023

The US financial corporation Citigroup plans to open a representative office in Uzbekistan. This became known on September 20 during the talks between Shavkat Mirziyoyev and the CEO of Citibank, John Dugan in New York.

Shavkat Mirziyoyev noted the fruitful cooperation with the corporation, with the assistance of which bonds of Uzbek banks and state-owned enterprises were successfully placed on international stock markets.

Shavkat Mirziyoyev welcomed the plans to open a Citibank representative office in Uzbekistan.

At the meeting, the parties also discussed the ways to expand cooperation in the banking and financial sector, introducing effective tools to increase the attractiveness and liquidity of securities on the stock market, and attracting foreign investors to the country's capital market.

They agreed to adopt a roadmap for expanding cooperation, outlining effective mechanisms and specific deadlines for implementation.

On September 20, Shavkat Mirziyoyev also hosted the CEO of the Boston Consulting Group (BCG) Rich Lesser and the Director for Central Asian and Caspian region Rzu Nuriyev.

Shavkat Mirziyoyev noted the active participation of the US consulting company in projects to improve management program for large enterprises in Uzbekistan. Last year, a BCG office was opened in Tashkent.

The parties discussed the joint development of a long-term comprehensive Knowledge Economy Transition Strategy using artificial intelligence, an industrial development program, as well as a “master plan” for Uzbekistan’s energy sector development.

In early August, the Uzbek Metallurgical Plant signed a $100 million line of credit without guarantees or collateral with the London branch of Citibank.

While, Citibank also helped Uzbekistan in placing the first Eurobonds.