The issue of medium- and long-term government securities serves as a benchmark for raising funds by issuing low-risk instruments in the national currency, creates a basis for diversifying financial instruments and attracting new financial market participants (non-residents, individuals, insurance companies, etc.)
It should be noted that in order to diversify the portfolio of public debt and reduce currency risks, the Ministry of Finance is increasing the volume of issuance of government securities and taking systematic measures to develop domestic financial markets.
As part of the cooperation between the Ministry of Finance and the US Treasury on the development of the government securities market, US Treasury consultants provide technical support to the Ministry of Finance.
Also, in order to reduce currency risks in the public debt portfolio, sovereign international bonds worth 2 trillion soums were issued for the first time in November 2020 and 2.5 trillion soums in July 2021.
The Ministry of Finance will continue to issue government securities taking into account the current situation on the financial markets and demand, based on the goals of effective management of domestic public debt and the development of local financial markets.
