Uzbekistan: Outlook for Economic Reforms and Implications for Investors

Since his rise to the presidency in late 2016, Shavkat Mirziyoyev has consolidated power and launched ambitious reforms, vowing to open up Uzbekistan to foreign investors and restructure key sectors of the economy. Exchange rate liberalization has been the only tangible measure taken so far, and implementation of reforms has been chaotic. The president has created new bureaucratic institutions with overlapping responsibilities and has frequently reshuffled government figures. He has issued unrealistic economic targets and displayed impatience if immediate results are not delivered. Horizon’s new report provides in-depth analysis of the president’s economic platform, political outlook and prospects for his reform agenda.
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