Insights on the Business Climate in Uzbekistan

image of Insights on the Business Climate in Uzbekistan

Addressing barriers to private-sector development has been a long-standing ambition of the government of Uzbekistan, with an extensive programme of reforms that began in 2017 redoubling efforts to foster the growth of a more competitive and productive population of private-sector firms. Uzbekistan needs a more dynamic and innovative private sector if it is to meet the challenges and seize the opportunities of the green and digital transitions, which create a new impetus for accelerating these reforms. Elaborating on feedback garnered through a small, focussed survey of foreign firms in Uzbekistan, this report provides new insights into their perceptions of the ongoing reform process and in doing so draws attention to some of the most pressing issues facing policymakers and business.

English Also available in: Russian

Transformation and structural change in Uzbekistan’s economy

The government of Uzbekistan launched a wide-ranging programme of reforms in 2017 in order to accelerate the transition to an open, market-based economy. The country is now on a pathway to a sounder economic and fiscal footing, but the success of these strategic ambitions depends on the resolution of long-standing issues in the business climate. Addressing these issues is also critical to enabling the broader structural transformation of the country’s economy, which despite having started in the mid-1990s, remains at a relatively early stage.

English Also available in: Russian

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