The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookiesbefore using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Uzbek expats heed president’s call to return

Veteran investor launches financial services firm to capitalize on reforms in Uzbekistan, while HSBC banker tapped to drive sovereign Eurobond debut.


Tashkent's railway station: Policies appear to be on the right track

The economic reforms of Uzbek president Shavkat Mirziyoyev received another vote of confidence in September with the launch of a US-based investment firm focused on the country’s financial services sector.

Mirziyoyev has been opening up Uzbekistan’s economy since taking over the presidency in September 2016 after the death of his isolationist predecessor, Islam Karimov.

Key moves have included the lifting of draconian restrictions on foreign exchange and a rebuilding of relations with the international community, notably with the multilateral development banks. Last November, the EBRD reopened its office in the capital, Tashkent, and resumed lending activities in the country after a 10-year absence.

The new president has also reached out to Uzbekistan’s large diaspora, urging them to return and support the nation’s economic liberalization.


Alisher Djumanov

One of the most prominent expats to respond to this call was Alisher Djumanov, a veteran emerging markets adviser and investor.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?