Economic Policy Reforms in Uzbekistan: Achievements, Current Situation and Future Perspectives

Furkatjon Gulomjonov

doi:10.47814/ijssrr.v5i12.794

Furkatjon Gulomjonov Leading Specialist, Division of Youth Entrepreneurship Development, National Bank of Uzbekistan, Uzbekistan

DOI: https://doi.org/10.47814/ijssrr.v5i12.794

Keywords: Economic Indicators; GDP; GDP Per Capita; Economic and Social Reforms; Liberalization; Free Currency Conversion; Banking Sector; Tax Policy; Administration

Abstract

The economy of Uzbekistan requires fundamental, systematic, and continuous changes, as well as the replacement of the whole structure of public institutions. The primary objective is to establish an atmosphere conducive to the regular operation of effective market processes. This article discusses some of the measures taken by the government of Uzbekistan to ensure efficient transformation of national economy into a more developed and robust economy which supports inclusive and sustainable development in the long–term.

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