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2 clusters · 5 sources · 5 days · First seen · Last updated

Uzbekistan capital market integration and development

Overview

Uzbekistan is implementing legislative and financial reforms to increase its integration with global capital markets. The Ministry of Economy and Finance announced that the country’s soum-denominated sovereign international bonds will be included in the J.P. Morgan Government Bond Index – Emerging Markets (GBI-EM) starting September 30, 2026. This inclusion makes Uzbekistan the only country in the Commonwealth of Independent States to have local-currency sovereign bonds in the index.

To support this expansion, the government has introduced a draft law, ‘On the Capital Market’, intended to expand financial instruments and improve market infrastructure. These efforts follow credit rating upgrades from Moody’s and positive outlook shifts from Fitch and S&P. Additionally, the private sector is participating in market growth, exemplified by Asia Alliance Bank’s plan to issue $20 million in foreign-currency bonds.

Entities

Uzbekistan · Moody’s · Asia Alliance Bank · J.P. Morgan · Fitch

Timeline

  1. 11 days ago

    [BUSINESS] 4 sources
    Uzbekistan expands capital market reach through new laws and bond issuances

    Uzbekistan is strengthening its capital markets through new legislation and planned sukuk issuances, while Asia Alliance Bank prepares a $20 million foreign-currency bond offering.

  2. 16 days ago

    [BUSINESS] 3 sources
    Uzbekistan sovereign bonds to join J.P. Morgan GBI-EM index

    Uzbekistan's soum-denominated sovereign bonds will join J.P. Morgan's GBI-EM index on September 30, 2026, increasing global investment visibility for the nation's debt market.

Sources

en.trend.az · internationalfinance.com · malatyaguncel.com · sputniknews-uz.com · trend.az