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Country data
- Population:
- 26.0 million
- Area:
- 448,900 sq km
- Capital:
- Tashkent
- Currency:
- Sum
Key developments and challenges
Uzbekistan’s outlook for 2009 is one of the most favourable in the region, with real GDP expected to grow by 7 per cent. The fiscal stimulus package has cushioned faltering external demand and remittances. The country’s relatively strong fiscal position should allow further fiscal expansion in 2010 and provide support should demand for manufactured goods from Russia remain weak and the inflow of remittances decline further.
More developments and challengesRelated links
Uzbekistan
Key facts about the EBRD's work in Uzbekistan
|
No. of projects |
58 |
|---|---|
|
Net business volume |
€624.1 million |
|
Total project value |
€1,532.4 million |
|
Gross disbursements |
€556.9 million |
|
Portfolio in private sector |
39% |
EBRD projects 2000-09
Sector breakdown of current projects
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.
CONTACTS
International and Banking Financial Centre
1 Turab Tula Street
4th Floor
700066 Tashkent
Uzbekistan
Tel: +998 712 39 40 14
Fax: +998 711 20 61 21
Highlights
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EBRD and the global financial crisis
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