Publication:
Assessing Uzbekistan’s Transition: Country Economic Memorandum

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dc.contributor.authorVatyan, Arman
dc.contributor.authorTrushin, Eskender
dc.contributor.authorAbdul-Hamid, Husein
dc.contributor.authorDalvit, Nicolo
dc.contributor.authorSafarov, Maksudjon
dc.contributor.authorIootty, Mariana
dc.contributor.authorNovikova, Marina
dc.contributor.authorAhmedov, Mohirjon
dc.contributor.authorManuilova, Natalia
dc.contributor.authorZorya, Sergiy
dc.contributor.authorNagaraj, Vinayak
dc.contributor.authorIzvorski, Ivailo
dc.contributor.authorMelecky, Martin
dc.date.accessioned2021-12-06T17:50:10Z
dc.date.available2021-12-06T17:50:10Z
dc.date.issued2021-11-08
dc.description.abstractUzbekistan’s transition from planning to market started almost thirty years ago following its independence from the Soviet Union. For most of this period, economic modernization and transformation were stalled, with little change in institutions and policies from those prevailing at the time of the planned economy. In late 2016, Uzbekistan surprised by launching reforms with a breadth and speed that at times exceeded the pace of those observed in some of the earlier reformers at a similar stage of the process. In November 2018, building on the results from more than a year of economic reforms, the government announced the agenda for the next phase of its bold and ambitious economic transformation. In terms of the pace of transition, Uzbekistan’s record has been mixed but appropriate, given that reforms are dependent on experience with markets and prices, initial conditions, and institutional strength. Before the Coronavirus (COVID-19) pandemic started, the reform momentum was supported by comfortable external and fiscal buffers and a robust global economy. The buffers are still sizable, even with doubling of public debt since 2017, and a sign of strength but the pull from the global economy has been substantially diminished. The rest of the introduction reviews progress in the key areas of economic transformation.en
dc.identifierhttp://documents.worldbank.org/curated/undefined/862261637233938240/Assessing-Uzbekistan-s-Transition-Country-Economic-Memorandum
dc.identifier.doi10.1596/36655
dc.identifier.urihttps://hdl.handle.net/10986/36655
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectPUBLIC FINANCIAL MANAGEMENT
dc.subjectFISCAL POLICY
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectEXTERNAL TRADE
dc.subjectTRADE INTEGRATION
dc.subjectSTATE-OWNED BANKS
dc.subjectSTATE-OWNED ENTERPRISES
dc.subjectENERGY SECTOR
dc.subjectTRANSITION ECONOMIES
dc.subjectSOCIAL PROTECTION
dc.subjectEDUCATION
dc.subjectHEALTH
dc.titleAssessing Uzbekistan’s Transitionen
dc.title.subtitleCountry Economic Memorandumen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleAssessing Uzbekistan’s Transition
okr.date.disclosure2021-11-18
okr.date.doiregistration2025-05-07T10:02:12.189572Z
okr.date.lastmodified2021-11-17T00:00:00Zen
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Country Economic Memorandum
okr.docurlhttp://documents.worldbank.org/curated/undefined/862261637233938240/Assessing-Uzbekistan-s-Transition-Country-Economic-Memorandum
okr.guid862261637233938240
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okr.identifier.externaldocumentum090224b088b8603d_1_0
okr.identifier.internaldocumentum33622936
okr.identifier.report166150
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okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/862261637233938240/pdf/Assessing-Uzbekistan-s-Transition-Country-Economic-Memorandum.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryUzbekistan
okr.topicPublic Sector Development::State Owned Enterprise Reform
okr.topicPublic Sector Development::Public Financial Management
okr.topicInternational Economics and Trade::Trade and Regional Integration
okr.topicMacroeconomics and Economic Growth::Economic Growth
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