Original disclosure @ ADB website
Updated in EWS Mar 13, 2019
Disclosed by Bank Nov 29, 2018
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According to ADB website, the Uzbekistan economy is at the crossroads. Weakening commodity export prices and a downturn in trading partners import demand is slowing down the economic growth from its average rate of 8% to 5% in 2017. In turn, Uzbekistan embarked on a series of far-reaching reforms to boost its economy including liberalization of foreign exchanges and initiation of structural reforms of state enterprises. The energy sector underpinned Uzbekistan's sustained growth, contributing to 10% of its gross domestic product and a quarter of its exports. The sector is also facing challenges to be more open and market-oriented as the essential first step to lowering the burden on the national budget and to continue urgent investments at scale in critical infrastructure.
6 Istiklol Street
Tashkent, 100000, Uzbekistan
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