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Country data

Population:
27.8 million
Area:
448,900 sq km
Capital:
Tashkent
Currency:
Sum

Key developments and challenges

  • Economic growth remains strong. Output grew at the rate of 8.2 per cent in 2012 and 8 per cent in the first half of 2013, on the back of strong domestic demand and large public investment projects.
  • Foreign exchange regulations remain restrictive and have been tightened further. The lack of a liberal trade and foreign exchange regime continues to be a major constraint on growth. Further restrictions have also been imposed on exchange transactions by individuals.
  • Business environment reforms continued. Following earlier simplification of company registration procedures, tax and licensing procedures, as well as insolvency procedures, have also been streamlined. At the same time, firms remain significantly constrained by foreign exchange restrictions.

Uzbekistan in the 2013 Transition Report

Building in Uzbekistan

Our work in Uzbekistan

In Uzbekistan we promote the development of the private sector, particularly micro, small and medium-sized enterprises.

Uzbekistan

Key facts about the EBRD's work in Uzbekistan

No. of projects

54

Net EBRD investment

€711 million

Cumulative disbursements

€504 million

Portfolio in private sector

45%

 

Last updated 31 December 2013

View factsheet


Our strategy for Uzbekistan

The previous country strategy for Uzbekistan, adopted in March 2003, qualified Uzbekistan’s progress towards implementation of the principles of Article 1 of the Agreement Establishing the Bank as being slow and characterised by setbacks. Although some progress has been achieved on the economic side since then, there was no improvement in Uzbekistan’s political environment and prospects for quick political liberalisation remain remote.   

Read strategy

CONTACTS

EBRD
One Exchange Square
London EC2A 2JN
United Kingdom

Contact the EBRD switchboard on +44 20 7338 6000