The American investment company Franklin Templeton Asset Management has begun managing the assets of the National Investment Fund of the Republic of Uzbekistan. The company’s participation in the management of the investment fund was announced in February of this year.
This agreement is being implemented with the aim of supporting Uzbekistan’s economic development and attracting international investors.
As part of the cooperation, Franklin Templeton will manage an investment portfolio of 18 state-owned enterprises and commercial banks owned by the Fund and implement transformation programs aimed at increasing their investment attractiveness. After the implementation of these programs, the shares of the Fund, as well as the enterprises and banks under its management, will be listed on local and international stock exchanges.
To this end, Franklin Templeton will implement transformation programs, including reviewing the development strategies of state-owned enterprises and banks, bringing their corporate governance, financial performance, internal audit, and risk management systems into line with international standards, and improving staff skills.
