The reform program sets 2030 targets for investment, bond issuance, market infrastructure and investor protection.
Uzbekistan’s latest capital-market reform program sets quantitative targets for investment into the stock market and for corporate bond issuance through 2030.
The program also addresses market infrastructure, foreign-currency bond issuance, dual listings and access to a broader range of instruments. Investor protection and the quality of issuer disclosure are central to the proposed changes.
The practical test will be implementation: predictable regulation, consistent disclosure and a stronger secondary market are the factors that convert policy ambition into investable transactions.
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