Newsletter Issue 01 | July – August 2019

Positive economic outlook thanks to reform dynamics

For two years now, Uzbekistan is in the focus of many international observers. President Mirziyoyev has ini-tiated a comprehensive reform and modernisation process, which aims to transform the country from a closed, state-centred economy into an open market economy.

The economic preconditions for such an extensive transformation are positive. The country’s external situation is strong, with a high stock of international reserves and low external debt. In addition, public debt and the budget deficit are at moderate levels, which is the result of conservative macroeconomic politics.

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