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Asad Hajiev
Senior Executive Officer and Portfolio Manager at Gemcorp Capital, emerging markets investment professional with 15 years at J.P. Morgan.
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Jun 11, 2026
Episode 13: The Modern Silk Roads; deal making in Central Asia
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7:12TomHOST
Yeah.
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7:19Asad HajievGUEST
The country is looking to diversify, attract additional capital, but the economy is overheating a little bit in so far as the base rate in the country is now 18%.
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7:28Asad HajievGUEST
We expect that to normalize probably to 14, 15% over time, but there is an opportunity to provide flexible capital.
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7:36Asad HajievGUEST
Now, if you look at the context of Uzbekistan very briefly, It's a story of reforms.
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7:45Asad HajievGUEST
They differently to pretty much most of the countries in the Soviet Union, including Kazakhstan and Azerbaijan, they did not rush in 1990s to privatize.
13 MINS LATER
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20:56TomHOST
What's our structural advantage? How do we manage to make it work in Central Asia where maybe some other people can't?