Report
Uzbekistan says it enlisted BlackRock to help establish a financial center
Nikkei Asia reports the planned hub will challenge Kazakhstan’s Astana center, though experts say weak governance and illiquid markets may deter investors.
TLDR
Nikkei Asia reports that Uzbekistan says it enlisted BlackRock to help establish an international financial center, putting it in competition with Kazakhstan’s Astana hub for foreign investment. The outlet says investor interest is rising faster than local market depth as Kyrgyzstan adds another contender. Experts say weak governance and illiquid markets may keep some investors away.
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