Financing Uzbekistan's Green Transition

This publication explores the current market and institutional set-up in Uzbekistan, the reforms that have led to recent issuances of both sovereign and corporate thematic bonds, and the remaining barriers to further uptake of the instrument.

Detalles Bibliográficos
Formato: Libro electrónico
Idioma:Inglés
Publicado: Paris : Organization for Economic Cooperation & Development 2023.
Edición:1st ed
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009786730106719
Tabla de Contenidos:
  • Intro
  • Foreword
  • Abbreviations and acronyms
  • Executive summary
  • Key findings
  • Key recommendations
  • 1 Assessment and recommendations
  • 1.1. The potential of green bonds for Uzbekistan's green transition
  • 1.2. Recommendations from the OECD's assessment of Uzbekistan's readiness for green bond issuances
  • 1.2.1. Recommendations for policy makers and government officials
  • Strategies
  • Capital market development
  • Green bonds and related instruments
  • 1.2.2. Recommendations for other market actors
  • References
  • 2 Uzbekistan's net-zero challenge: Macroeconomic and environmental state of play
  • 2.1. The challenge of Uzbekistan's green transition
  • 2.1.1. Macroeconomic overview
  • 2.1.2. Environmental challenges
  • 2.1.3. Infrastructure challenges and opportunities
  • Energy sector
  • Transportation
  • 2.2. Government strategies and priorities
  • 2.2.1. Sectoral reforms and strategies
  • Energy sector
  • Energy efficiency and industry
  • Transport sector
  • 2.3. Uzbekistan's needs and the investment gap
  • References
  • 3 Financing the transition: Capital availability
  • 3.1. Capital availability in Uzbekistan
  • 3.1.1. Domestic public financial flows
  • 3.1.2. Domestic private financial flows
  • 3.1.3. International public financial flows
  • 3.1.4. International private financial flows
  • Foreign direct investment
  • Portfolio investments and bonds on international exchanges
  • References
  • 4 Composition and regulatory set-up of Uzbekistan's financial sector
  • 4.1. Uzbekistan's financial sector: structure and actors
  • 4.1.1. Banking sector
  • 4.1.2. Other actors: Non-bank credit institutions, lessors, insurance companies and pension funds
  • 4.1.3. Stock exchanges and trading platforms
  • 4.2. Capital market institutional, legal and regulatory framework
  • 4.2.1. Legal and regulatory reforms.
  • Expanding the range of available financial products
  • Expanding the pool of potential investors and market participants
  • 4.2.2. Institutional set-up
  • References
  • 5 State of play of green finance in Uzbekistan: Opportunities for and barriers to green bond issuance
  • 5.1. Role of and demand for green bonds in Uzbekistan's green transition
  • 5.2. Potential types of green bond issuance
  • 5.2.1. Sovereign bonds
  • 5.2.2. Sub-sovereign bonds: subnational governments, public agencies and state-owned enterprises
  • 5.2.3. Corporate bonds
  • 5.2.4. Sukuks
  • 5.3. Potential sectors for green bond financing
  • References.