Finasia Capital Hosts High-Level Forum on Uzbekistan’s Green Transition and Access to Global Finance
Tashkent, 16 September 2025 – Finasia Capital and Infrasia Capital, in partnership with the Europe-Uzbekistan Association for Economic Cooperation (EUROUZ), successfully co-organized and sponsored the high-level forum “Uzbekistan’s Green Transition & Access to Global Finance: Experience of State-Owned Enterprises and Implications for Private Businesses.”
Held at Hilton Tashkent City, the event convened more than 150 participants from government institutions, international investors, and private companies—both onsite and virtually. The forum was supported by the National Association of Investment Institutions (NAII), the Institute for Macroeconomic and Regional Studies (IMRS), and the Chamber of Commerce and Industry of Uzbekistan.
Linking Climate Ambitions with Capital Markets
The discussions centered on Uzbekistan’s new environmental and financial reforms, including Law No. ORQ–1073 and Presidential Decree No. UP–110, which establish the legal framework for carbon trading, renewable energy certification, and a national carbon credit registry—all part of the country's path to net-zero emissions by 2055.
Odilbek Isakov, Co-Founder and Director of both Finasia and Infrasia Capital, took part on behalf of Finasia Capital, sharing insights into Uzbekistan’s increasing access to international debt markets, especially through green and ESG-linked instruments.
Nodir Nuritdinov, Chief Operating Officer of Infrasia Capital, participated in a panel alongside Sherzod Komilov, Associate Director at Finasia Capital, focused on credit ratings, ESG structuring, and the need for clear, trusted sustainability frameworks to unlock long-term investor confidence.
Real Examples Driving Real Change
Key Uzbek issuers showcased how green finance is becoming reality, including:
- NavoiyUran’s debut Eurobond
- Agrobank’s Green Bond and Loan Framework
- UzAssets’ IPO and privatisation roadmap
International voices from UNDP, Franklin Templeton, and Commerzbank further reinforced Uzbekistan’s relevance on the global capital and sustainability map.
Towards Deeper Market Integration
The event concluded with several forward-looking recommendations:
- Expand use of green bonds, carbon credits, and ESG-aligned financial products
- Strengthen regulatory-business collaboration
- Ensure transparency through IFRS, credit ratings, and ESG disclosures
Infrasia Capital and Finasia Capital remain committed to supporting Uzbekistan’s transition to a more sustainable, investor-ready economy.
“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.”
— Nodir Nuritdinov, Chief Operating Officer, Infrasia Capital