Institute for Security and Development Policy

The numbers from Tashkent’s first international equity listing tell a striking story. Uzbekistan’s government raised US$604 million through the London Stock Exchange debut of its National Investment Fund (UzNIF) on May 13, 2026, making it London’s first major IPO of the year. Demand exceeded supply by a factor of four. Cornerstone investors, including asset managers […]

Introduction Modern security challenges have shown how even in the absence of armed conflict, countries can face significant instability. Among the most pressing of these challenges are demographic decline and aging populations. These trends pose not only economic challenges but, for countries like the Republic of Korea (ROK or South Korea), also create national security […]<...