The Europe-Uzbekistan Association for Economic Cooperation (EUROUZ), in partnership with Infrasia Capital and Finasia Capital, and with the support of the National Association of Investment Institutions (NAII), the Institute for Macroeconomic and Regional Studies (IMRS), and the Chamber of Commerce and Industry of Uzbekistan, convened the high-level forum “Uzbekistan’s Green Transition & Access to Global Finance: Experience of SOEs and Implications for Private Businesses.”
With more than 150 participants on site and joining online, the event reaffirmed EUROUZ’s role as a key platform connecting Uzbekistan’s reform agenda with global sustainability and finance trends.
The forum showcased how Uzbekistan’s green transition is moving from plans into action. Sessions covered the country’s new climate legislation, long-term decarbonisation strategy, and mechanisms for entering international carbon markets. Case studies illustrated this momentum: NavoiyUran’s debut Eurobond and Agrobank’s pioneering Green Bonds and Loans were presented alongside UNDP’s work in aligning frameworks with ICMA standards. Further exchanges on IPO pipelines, privatisation, equity financing, and ESG-driven investments underscored EUROUZ’s unique ability to convene policymakers, private sector leaders, and international investors to shape tangible pathways for Uzbekistan’s deeper integration into global capital and carbon markets
The panels emphasised the importance of compliance with international standards—such as IFRS, ESG frameworks, corporate governance, and credit ratings—in enabling Uzbek companies to successfully raise capital in global markets. Leading experts from Crowe, Dentons, KPMG, Infrasia Capital, and Finasia Capital provided concrete recommendations to build investor confidence and expand access to sustainable finance.
EUROUZ extends its sincere gratitude to its partners and sponsors – Infrasia Capital, Finasia Capital, the National Association of Investment Institutions (NAII), the Institute for Macroeconomic and Regional Studies (IMRS), and the Chamber of Commerce and Industry of Uzbekistan – for their invaluable support in making this forum possible.
Experts’ remarks:
“The forum was timely and very much needed. Such initiatives are important to unlock the full potential of Uzbekistan’s capital market, and I strongly encourage continuing this tradition of bringing together key stakeholders for open and constructive dialogue,” - said Munir Yakubov, the CEO of Portfolio Investments.
“The Forum brought together people from the Government and the private sector to share their views and experience in accessing international financial markets and to discuss the opportunities for cooperation. UNDP fully supports further strengthening of the dialogue between the government and the business community towards facilitation of Uzbekistan’s green transition,” - noted Fayzulla Salakhuddinov, Project Manager at UNDP.
“The ‘Uzbekistan’s Green Transition & Access to Global Finance’ forum was a vital and fitting event. It provided a crucial platform for dialogue on how Uzbekistan can successfully transition to a green economy and attract sustainable finance. The discussions highlighted that embracing international standards—from corporate governance, financial reporting, the credit ratings and ESG frameworks to robust capital markets—is essential for the country's economic future. The event was a valuable platform for both private and government companies to exchange their knowledge and experience in this journey. I am confident that these conversations will pave the way for greater cooperation between the public and private sectors in unlocking Uzbekistan’s full potential” - stated Nodir Nuritdinov, Chief Operating Officer at Infrasia Capital.
“This event brought together key stakeholders on a unique platform for dialogue and partnership, where sharing experiences such as eurobond issuance and commitments to international standards like ESG and IFRS highlighted best practices, fostered collaboration,” - said Mushtariy Madrakhimova, Chief Legal Officer at NavoiyUran.
“New Uzbekistan’s transformation is not only about impressive numbers, the numbers are the showcase for the hard work and the results of it, but it all starts with high quality dialogue and ita a great honour for us at EUROUZ to be spearheading the connections, understanding and conversations that ultimately drive our economy forward”, underscored Oybek Shaykhov, Secretary General of EUROUZ.
EUROUZ, the Europe-Uzbekistan Association for Economic Cooperation, is an international business association & a European Chamber of Commerce in Uzbekistan, working to provide comprehensive support to its members to understand their target market, build more robust business networks & enable a better dialogue with both public & private stakeholders. EUROUZ is a recognized European non-profit, non-commercial association with headquarters in Brussels & a full official branch office in Tashkent. Its members fully fund EUROUZ through membership fees. Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.
