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Tashkent City Administration to become able to place bonds from September 1st

August 23, 2018 | Cbonds

The administration (khokimiyat) of the city of Tashkent will be able to place bonded loans from September 1st according to the decree "Concerning the Legal Experiment Aimed at Implementing Emergency Rule in the City of Tashkent." The corresponding regulatory document signed by the head of state is posted on the website of the National Information Agency of Uzbekistan.

The Ministry of Finance and the Center for Coordination and Development of the Securities Market under the auspices of the State Committee on Competition of the Republic of Uzbekistan were entrusted with the task of assisting the head of the administration (khokim) of the city of Tashkent in the issuance of securities.

The Center for Management of Municipal Assets is charged with the obligation to receive from citizens proposals for spending a certain part of the local budget, including funds raised through the issue of bonds of the city of Tashkent, provided that the funds in question should be used to reach the goals that received the largest number of votes.

The funds received from the sale of bonds will be used to implement projects approved or developed by the National Project Management Agency under the President of the Republic of Uzbekistan.

Company: Uzbekistan

Full company nameThe Republic of Uzbekistan
Country of riskUzbekistan

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