According to the CERR bank ranking results for 2025, the stable positions of most financial institutions indicate a higher competitiveness threshold across the sector. At the same time, a noticeable reshuffling has emerged within the mid-tier segment.

The Center for Economic Research and Reforms (CERR) presented an updated Bank Ranking based on the results of the Bank Activity Index for Q4 2025. The study covers 35 commercial banks of the republic, including 20 large financial institutions classified by scale and branch network, and 15 banks categorized as small. The methodology is based on the analysis of 27 indicators, benchmarked against national averages and international standards, including Basel Committee requirements. The ranking serves as an important tool for enhancing transparency and strengthening trust in the financial system. This approach is consistent with international practice and is used by leading financial institutions worldwide.

Financial results for Q4 2025

During the reporting period, total assets of the banking sector amounted to 892.9 trillion soums ($74.2 bn), while liabilities reached 759.8 trillion soums ($63.1 bn). Lending increased by 13%, while deposits grew by 31%. The share of foreign-currency transactions declined, indicating strengthening of the national currency. Net profit reached 13.5 trillion soums ($1.1 bn), which is 57.1% higher than a year earlier. Over the period under review, the share of non-performing loans decreased to 3.5% from 4.3% a year earlier, pointing to improved portfolio quality. At the same time, in some banks this indicator remains above the sector average. Capital adequacy ratios exceed minimum regulatory requirements by more than 1.4 times, confirming the resilience of the banking sector.

Activity ranking of large banks for Q4 2025

The results for Q4 2025 show that sector leaders have maintained stable positions, while reshuffling within the ranking remains limited. The most notable progress was demonstrated by SQB, which climbed three positions. Positive dynamics were also recorded by Davr Bank, Orient Finance Bank, Xalq Bank, and Ipoteka Bank, all of which improved their standings in the overall ranking. At the same time, only two large banks showed a decline in activity. Invest Finance Bank and Aloqa Bank fell by four and three positions in the overall ranking, respectively. Overall, 13 banks retained their positions in the activity ranking, which, amid intensifying competition, reflects the ability of institutions to maintain operational efficiency, adequate liquidity, asset quality, and financial stability.

Dynamics of key indicators

In financial intermediation, Tenge Bank and Ipak Yuli Bank showed a decline in efficiency in attracting and allocating resources, losing four and three positions, respectively. National Bank, Asia Alliance Bank, Anor Bank, BDB, and Mikrokreditbank also dropped by one position in this category. In terms of financial inclusion, a one-position decline was recorded for Orient Finance Bank, Xalq Bank, Agrobank, BDB, and Ipoteka Bank. Regarding asset quality, six large banks registered a decline. Agrobank lost three positions, while National Bank, Trast Bank, Anor Bank, Aloqa Bank, and Asaka Bank each lost two positions. Despite the overall positive profit dynamics in the sector, two banks posted a decline in profitability, namely National Bank and Anor Bank, which fell by two and one positions, respectively. In management efficiency, weaker positions were observed for Mikrokreditbank and Anor Bank, both down two positions. In terms of liquidity, almost one-third of all large banks in the country lost positions, with the sharpest decline recorded by Davr Bank, down six positions, while Agrobank closed the ranking, falling to the last position on this indicator.

Activity ranking of small banks for Q4 2025

In the group of small banks, relative stability persists. Leaders have retained their positions. The main changes in this category also occurred in the mid-tier segment, where several banks improved their standings due to growth in financial intermediation and higher profitability. In this group, six out of 15 financial institutions, including the ranking leader Universal Bank, retained their positions. At the same time, five banks recorded declines, with the largest drop observed at Ziraat Bank, which lost three positions, while Apex Bank rose by three positions in the overall ranking. AVO Bank and Madad Invest Bank each gained two positions, while Okto Bank gained one position and secured third place in the overall group ranking.

Jafar Khidirov,
Head of Banking and Financial Research Sector

May 13. /Dunyo IA/. Uzbekistan has nominated its candidacy for the Chair of the UN Tourism Comission for Europe (CEU) for the 2025–2027 term.

This marks the first time in its history that Uzbekistan has put forward a candidate for this prestigious position, underscoring the country’s growing engagement in global tourism affairs and the high level of trust it has earned within international tourism bodies.

The UN Tourism Comission for Europe consists of 41 member countries from Europe as well as Central and Western Asia. It plays a pivotal role in shaping tourism policy across the region, promoting regional cooperation, and advancing sustainable and inclusive tourism development.

The 71st meeting of the Commission will be held on June 4–6, 2025, in Baku, Azerbaijan. During this session, elections are scheduled to take place for the Chair of the CEU for the 2025–2027 term.

Uzbekistan’s nomination for this position is viewed as recognition of the country’s consistent reforms in the tourism sector, its practical efforts to strengthen regional cooperation, and its contribution to the development of sustainable and inclusive tourism.

If elected, Uzbekistan intends to promote new initiatives aimed at positioning Central Asia as a unified tourism destination, developing cross-border routes, widely implementing digital solutions, and enhancing regional dialogue within the framework of the United Nations World Tourism Organization.

Uzbekistan, located in the heart of Central Asia, faces unique environmental challenges that require an integrated approach and strategic planning. In recent years, the country has been taking active steps to protect the environment by integrating sustainable development into national programs and projects. These efforts are not only aimed at improving the environmental situation in the country, but also make a significant contribution to solving global problems. Uzbekistan actively participates in global initiatives to combat climate change. The country ratified the Paris Agreement in 2016, committing to reducing greenhouse gas emissions and adapting to climate change.

Environmental policy issues play a key role on the agenda of the New Uzbekistan. Measures to transform the sphere of ecology and environmental protection to improve the activities of our ministry, actions to combat climate change and its consequences, a moratorium on tree cutting, the introduction of clean “green” energy, solid waste management, the development of “green” transport infrastructure, expansion networks of protected natural areas, measures to restore ecosystems and preserve biodiversity, combat desertification and drought, unify environmental legislation in accordance with international standards, supporting the introduction of modern information technologies, show positive trends.

One of the key aspects of Uzbekistan’s environmental strategy is the development of a “green economy”. The state program “Green Economy” for 2019-2030 is aimed at reducing the carbon footprint, increasing energy efficiency and developing renewable energy sources (RES).

Moreover, the government of Uzbekistan has set ambitious goals to increase the share of renewable energy sources in the country’s overall energy balance. As part of the Development Strategy “Uzbekistan - 2030” and subsequent plans. As President of Uzbekistan Shavkat Mirziyoyev stated at the third Tashkent International Investment Forum held in early may this year, our country strives to create more than 20 gigawatts of renewable energy capacity by 2030 and increase its share in the energy sector. balance up to 40 percent. These goals include the construction of new solar and wind power plants, as well as the modernization of existing energy infrastructure.

In 2019, the law “On Renewable Energy Sources” was adopted, which creates a legal basis for the development of the green energy sector. The law provides benefits and preferences for investors, which stimulates the attraction of both domestic and foreign investment.

The development of “green energy” in Uzbekistan is actively supported by international organizations and financial institutions. Cooperation with the International Renewable Energy Agency (IRENA), the World Bank, the Asian Development Bank and other structures plays an important role. Investments and technical support from these organizations contribute to the rapid implementation of innovative technologies and best practices in the field of renewable energy sources.

Just last year, together with the strategic partners of Uzbekistan - the companies Masdar, Gezhouba, China Energy”, large wind and solar power plants with a capacity of 1.4 gigawatts were launched. Also, together with ACWA Power, we began implementing a project for the production of “green” hydrogen.

Currently, work is underway on the implementation of 28 eight projects in this direction. It is noteworthy that these important projects are carried out exclusively through foreign direct investment on the basis of public-private partnerships.

Achieving global sustainable development goals is no less important for the country.

In Uzbekistan, in 2022, an updated Resolution of the Cabinet of Ministers “On additional measures to accelerate the implementation of National Goals and Objectives in the field of sustainable development for the period up to 2030” was adopted, which confirms Uzbekistan’s strong determination in achieving the global Agenda for the period up to 2030 year in a comprehensive partnership with all UN member countries to achieve sixteen national sustainable development goals.

The National Goals and Objectives in the field of sustainable development for the period until 2030, the Plan of Measures for the effective implementation of the National Goals and Objectives in the field of sustainable development for the period 2022–2026, as well as the National Development Strategies of Uzbekistan, approved by the Government of our country, serve the implementation of the Goals of Sustainable Development development.

The achieved results in implementing the national goals and objectives of Uzbekistan are generally approved and recognized by the international community.

The basic principle of the new Uzbekistan “In the name of the honor and dignity of man” is consonant with the UN principle on sustainable development “Leave no one behind”.

In the Interagency Ranking of Sustainable Development Goals published by the UN (SDR) in 2023, Uzbekistan took 69th place among 166 countries, increasing its ranking by 8 points.

The Voluntary National Reviews prepared in 2020 and 2023 on the implementation of the national Goals and objectives of sustainable development of Uzbekistan until 2023 were positively assessed by the UN.

Uzbekistan has achieved significant results on all Sustainable Development Goals, which were balanced and interconnected with the implementation of the “Strategy of Action for Five Priority Areas of Development of the Republic of Uzbekistan in 2017 - 2021”

An analysis of the current state of protected natural areas in Uzbekistan and current trends in this area shows that in recent years the number and area of protected natural areas in the country have been increasing. Reforms are being carried out in the forestry sector, as a result of which the amount of forest land in the country has noticeably increased.

In this context, the initiative of President Shavkat Mirziyoyev “Yashil makon” (“Green space”) has become a truly national project. The forest area in relation to the total land area of Uzbekistan has increased over 7 years from 8.3% to 8.7%. The share of protected areas increased 2.0 times.

Uzbekistan actively participates in international mechanisms for environmental protection and human development. Various initiatives are being implemented to preserve biodiversity, restore ecosystems in the Aral Sea region, protect the ozone layer and mitigate the effects of climate change, and waste management. There are also policies and programs aimed at ensuring people's access to healthy food and clean water. Uzbekistan cooperates with the European Union, its institutional bodies for environmental protection and sustainable development, as well as with individual states such as Germany, Finland, Turkey, and South Korea.

The country is a party to 14 international conventions, as well as more than 20 protocols, agreements and memoranda of understanding in the field of environmental protection and sustainable development.

Uzbekistan regularly takes an active part in the annual meetings of the UN Framework Convention on Climate Change. During the 27th meeting, held in 2022, the Uzbek delegation advocated consolidating efforts to achieve carbon neutrality, promoting renewable energy sources, climate change adaptation projects, combating desertification and land degradation, introducing water-saving technologies and other climate actions in Central Asia.

Another significant aspect was that the UN supported the initiative of President Shavkat Mirziyoyev to hold the first International Climate Forum in Samarkand in 2024, dedicated to climate change issues, which provides for a discussion of opportunities for international cooperation to reduce risks and threats in the Central Asian region and issues of attracting climate finance . During the 78th session of the UN General Assembly in September of this year. In New York, the President of Uzbekistan took the initiative to adopt the UN General Assembly resolution «Central Asia in the face of global climate threats: solidarity for common prosperity» and proposed discussing its main provisions at the Samarkand Forum.

Cooperation with the countries of Central Asia is critically important to address the many environmental challenges facing the region. Cooperation in this area contributes not only to improving the environmental situation, but also to strengthening regional stability and sustainable development.

Another significant aspect was that the UN supported the initiative of President Shavkat Mirziyoyev to hold the first International Climate Forum in Samarkand in 2024, dedicated to climate change issues, which provides for a discussion of opportunities for international cooperation to reduce risks and threats in the Central Asian region and issues of attracting climate finance . During the 78th session of the UN General Assembly in September of this year. In New York, the President of Uzbekistan took the initiative to adopt the UN General Assembly resolution “Central Asia in the face of global climate threats: solidarity for common prosperity” and proposed discussing its main provisions at the Samarkand Forum.

One of the most significant areas of cooperation between Uzbekistan and neighboring countries is water resources management. The transboundary rivers Amudarya and Syrdarya are vital for all countries in the region. Uzbekistan actively participates in international forums and initiatives aimed at the rational use of water resources and conflict prevention. Joint projects with Kazakhstan, Kyrgyzstan, Tajikistan and Turkmenistan include modernizing irrigation systems, introducing water-saving technologies and improving water basin management.

The problem of the drying up of the Aral Sea is one of the most acute environmental disasters in the region. The Aral Sea region is of international importance. In the second half of the 20th century, the state of the Aral Sea entered a phase of instability. This period, caused by anthropogenic impact, is characterized by a decrease in the volume and flow of water, an increase in salinity, a decrease in fish biodiversity and other negative processes. The shrinking Aral Sea has a significant impact on the ecosystems of all neighboring countries, its critical situation extends directly to Turkmenistan, Kazakhstan and Uzbekistan, in particular to the Republic of Karakalpakstan, Khorezm, Bukhara and Navoi regions, and indirectly to Tajikistan and Kyrgyzstan.

Restoring the Aral Sea requires joint efforts of all coastal states. Uzbekistan actively cooperates with Kazakhstan within the framework of the International Fund for Saving the Aral Sea (IFAS), implementing projects on reforestation, improving water supply and combating dust storms. These measures not only help improve the environmental situation, but also help mitigate the socio-economic consequences of an environmental disaster.

Desertification and land degradation are a serious problem for the countries of Central Asia. Uzbekistan is actively participating in regional projects aimed at combating these phenomena. Collaborative efforts include planting shelterbelts, restoring pastures, improving land management and introducing sustainable agricultural practices. Cooperation with Kazakhstan, Kyrgyzstan, Tajikistan and Turkmenistan allows for the exchange of best practices and technologies, which contributes to the effective fight against desertification.

Positive trends include the adoption of measures to increase the area of green space, a reduction in areas allocated for cotton and an increase in areas for growing vegetables, grains, fruits and fodder crops, as well as an increase in government support for the introduction of water-saving irrigation technologies.

Cooperation in the field of environmental education and knowledge exchange plays an important role in solving environmental problems in the region. Uzbekistan, together with neighboring countries, is implementing programs to increase environmental awareness of the population, train specialists and conduct joint research. This includes organizing conferences, seminars, training programs and exchanges of students and scientists. Such interaction contributes to the formation of a sustainable environmental culture and the training of qualified personnel to solve environmental problems.

Cooperation between Uzbekistan and the countries of Central Asia in the field of environmental protection is a key element of the regional sustainable development policy. Joint efforts to manage water resources, restore the Aral Sea, develop renewable energy sources, combat desertification and environmental education contribute not only to improving the environmental situation, but also to strengthening regional stability and prosperity. Uzbekistan continues to actively participate in international and regional initiatives aimed at solving common environmental problems, demonstrating its commitment to the principles of sustainable development and international cooperation.

In general, environmental protection in Uzbekistan is an integral part of the country’s sustainable development strategy. The measures taken to develop a green economy, combat climate change, protect water resources and promote sustainable agriculture not only improve the environmental situation in the country, but also make a significant contribution to solving global environmental problems. Uzbekistan demonstrates that an integrated and strategic approach to environmental protection can lead to a sustainable future, both nationally and globally.

Today, one of the priority areas of state policy in Uzbekistan is focused on expanding forested areas, increasing green coverage, mitigating the negative impacts of climate change, and ensuring environmental sustainability. In order to achieve effective results in these areas, studying advanced foreign experience and adapting it to the country’s climatic conditions is of particular importance. In this context, the participation of a delegation of representatives of the Forestry Agency under the National Committee on Ecology and Climate Change of Uzbekistan in a training and practical seminar organized during their visit to the Republic of Turkey in October 2025 was of significant importance.

The seminar, organized in cooperation between the Forestry Agency and the Ministry of Agriculture and Forestry of the Republic of Turkey, enabled participants to familiarize themselves with Turkey’s experience in forest establishment, restoration, ecological classification, and sustainable forest management. In particular, on the first day of the seminar, Turkish specialist Ahmed Yalvach delivered a detailed presentation on modern approaches applied in the development of forestry.

Within the framework of the practical visit, Turkey’s advanced experience in establishing and managing nurseries, creating forests using the “terrace” method in mountainous areas, developing “green belts” around cities, and establishing green public parks in urban and district areas was studied.

In addition, members of the delegation closely examined the activities of nurseries operated by the Seydikemer and Gökova Forestry Departments located in Muğla Province. Notably, the Seydikemer nursery, established in 1983, covers an area of 144 hectares and has an annual production capacity of 1.5 million seedlings. The Gökova nursery, occupying more than 61 hectares, stands out with its capacity to produce up to 7 million seedlings per year.

It was emphasized that special attention to seed collection, storage, and laboratory analysis in these nurseries allows the production rate of high-quality seedlings and saplings to reach 90–95 percent. Participants studied the practical experience of Turkish specialists in establishing mother plantations, caring for seedlings and saplings, and grafting techniques.

The delegation members were also introduced to the use of greenhouses, in vitro laboratories, modern equipment, and mechanisms for managing seasonal work processes. The experience-sharing activities were conducted in an atmosphere of open dialogue and professional cooperation.

In conclusion, cooperation between Uzbekistan and Turkey in the forestry sector has acquired a practical dimension, contributing to the adoption of advanced practices, enhancement of specialists’ capacity, and the formation of a sustainable ecological environment in Uzbekistan. The knowledge and skills gained within the framework of this cooperation will play an important role in further improving the national forestry system.

On the eve of the 34th anniversary of our country's independence, the Executive Board of the International Monetary Fund has finalised the 2025 consultations in accordance with Article IV of the IMF Agreement. The main conclusion on the essence of the ongoing reforms is positive prospects for Uzbekistan's economic development against the backdrop of continued progress in the transition to a market economy. According to the published document, economic indicators remain strong, including sustainable growth rates, reduction of the consolidated budget deficit, current account deficit and sufficient level of international reserves.

Successful and effective implementation of structural reforms, according to the Fund's specialists, allows us to conclude that the prospects are favourable. Against the background of a high degree of uncertainty in global trade policy, the IMF baseline scenario predicts that real GDP growth will remain stably high in the coming years. Such trends are the result of economic openness, industrialisation, active investment policy and support for the formation of export potential of promising industries.

The set of reforms and effectively implemented decisions is consistent with available internal resources and reserves for long-term sustainable development of the country and regions. The course towards irreversible market transformations makes it possible to skilfully combine the instruments of targeted state support and opportunities for entrepreneurial initiative on the way to building a New Uzbekistan.

In recent years, as a result of openness and growing confidence in our country, there has been a progressive increase in capital investment. In 2017-2024, the total volume of foreign investment absorbed exceeded $113 billion. Foreign direct investment and loans account for more than 80 per cent of them. Activity in attracting finance is observed in the leading industries and the fuel and energy complex, which has a corresponding impact on the acceleration of industrialisation processes in almost all regions.

Increasing investment cooperation with China, Russia, Germany, Turkey, Saudi Arabia, the Netherlands, the USA, the UK and other countries is becoming a source of attraction of advanced technological solutions and expertise, management methods, localisation of production and strengthening the export potential of promising industries and regions of Uzbekistan. Attracted resources are mainly invested in the technological re-equipment and modernisation of existing production facilities and the creation of new production facilities that did not exist before.

Over the past eight years, investment programmes have launched more than 96,000 projects worth about $100 billion, creating 1.8 million jobs. In 2024, compared to 2017, the value of investment projects put into operation increased almost eightfold, and the number of jobs grew 2.6 times.

We emphasise the factor of active involvement of our Head of State in this process. As a result of visits and top-level events, 366 investment agreements worth $75 billion have been reached since the beginning of this year. In particular, this year road maps have been approved for 222 investment projects worth about $45 billion.

Within the framework of the IV Tashkent International Investment Forum (June this year), agreements were reached on investments worth more than $30 billion (for the implementation of 144 joint projects). In April 2025, on the margins of the 5th International Industrial Exhibition "INNOPROM. Central Asia", held in Tashkent, within the framework of the 43 investment agreements reached, it is planned to attract an additional billion dollars to the industrial sector of the country.

In recent years, there has been an active practice of holding events to inform the international community about opportunities for the implementation of joint projects. Thus, this year, forums were held in 13 foreign countries as part of the Investors' Day of Uzbekistan, attended by representatives of 700 well-known foreign companies. More than 200 investment projects worth six billion dollars were presented to potential partners.

Among the important elements of Uzbekistan's modern industrial policy is localisation of production of high quality and competitive products, reduction of imports of finished goods and components. In accordance with the Localisation Programme, which included about 10 thousand projects, almost 300 trillion soums worth of products have been produced over the period 2020-2024. This led to import substitution in the amount of about $25 billion. The Localisation Programme allowed the creation of new production facilities for previously imported goods, contributed to changing the sectoral structure of industry and reducing dependence on external supplies by expanding the range of products and services.

THE NUMBER OF EXPORTERS IS GROWING

The formation of an export orientation has become one of the main conditions for success in implementing the plans outlined for Uzbekistan's industrialisation. Over 2017-2024, the total volume of exports exceeded $132 billion. It is noteworthy that the average annual growth rate of the country's exports over the period was 12-23 per cent. As a result of systematic and targeted support for exporters, the geography of exports of domestic products expanded by 55 states in 2024 and reached 186 countries over the past eight years. Last year, the number of exporting enterprises increased by 3,143 and their total number totalled 7,343.

Only due to the increase in the share of exports of higher value-added products in 2024, shipments to foreign markets increased by a billion dollars. Entering new promising markets, in turn, requires a significant improvement in the quality of manufactured products and their compliance with international standards. As part of the GSP+ programme, we implemented a set of organisational and technical measures to obtain Global G.A.P., Organic, OEKO-Tex, BSCI, CE marking certificates for our products and transition to ISO standards at more than five thousand enterprises. This made it possible last year alone to provide additional exports of 617 types of products worth $1.4 billion to the European Union.

Transition to more demanding standards and technological processes makes it possible to achieve the goals of producing and selling products of a completely different quality in new markets. Export supplies of goods to developed countries confirm the correctness of the chosen strategy, demonstrating its undeniable results. For example, due to the expansion of export geography and correct response to the conjuncture, the selling prices of Uzbekistan's fruit and vegetable products last year increased by an average of 14 per cent.

The industrial trend of economic development, having ensured a technological leap in a number of sectors, has had a significant impact on the evolution of the commodity nomenclature of exports. Quite recently, Uzbekistan was associated as a country with a monoculture of cotton, and its products were practically the sole leader of exports with absolute dominance of raw materials. In this regard, according to IMF experts, there is a decline in the share of cotton fibre exports from 0.2 per cent of GDP to zero from 2021 in the long term. Today Uzbekistan exports more and more high-tech products, and by 2024 its nomenclature has reached four thousand items.

For example, compared to 2017, exports of primary goods fell by 22 per cent last year, while the share of exports of finished goods increased 3.3 times, semi-finished goods - 4.4 times, and exports of services increased 2.9 times. At the same time, the transition to advanced processing of cotton contributed to the doubling of exports of garment and knitwear products to one billion dollars. This allowed our country to become the second supplier of textile products in the Russian market.

Domestic products are becoming a recognisable national brand, enjoying trust and popularity among foreign consumers. Last year, the goods of about 300 Uzbek enterprises received registration on the well-known electronic commercial platforms Alibaba, Wildberries and Ozon. As a result, sales of our companies reached $680 million.

At the end of the first half of 2025, the volume of exports grew by 33 per cent year-on-year and approached $17 billion. Since the beginning of the year, 1,557 domestic companies have been added to the exporters, accounting for $650 million in shipments.

The steady trend away from raw material exports towards finished high-tech products and services (tourism, transport, construction, IT and others) continues.

INVESTMENT DIALOGUE

It should be noted that our country is building and effectively operating an institutional environment to address strategically important issues of industrial development with a clear export orientation by attracting foreign capital. For this purpose, the relevant ministry and state agencies responsible for this complex of issues, as well as organisations promoting interaction between the state and the private sector have been established.

The Council of Foreign Investors under the President of the Republic of Uzbekistan is an institutional platform for direct dialogue between the government and investors (including international financial institutions). The Council's work as an advisory and consultative body effectively promotes the attraction of foreign direct investment in priority sectors of the economy and the organization of quality business dialogue, taking into account international best practices.

The Council operates under the patronage of the President of Uzbekistan, who personally attends meetings of this body. In order to organise systematic work on attracting investments, the relevant decree of the leader of the country was adopted to implement the agreements reached at the last meeting of the Council. The document also implies ensuring the systematic implementation of initiatives and proposals put forward by the participants of the meeting, as well as measures to improve the activities of the Secretariat of the Council of Foreign Investors.

In parallel with the formation of an effective institutional environment, consistent work is being done to improve the legislative framework to ensure advanced industrial development, intensify investment processes and expand the export potential of industries and regions of the country. This process is under the close attention and direct involvement of Uzbek parliamentarians. As a result, in recent years more than 500 functions of the State in regulating business have been abolished, and about 70 functions have been transferred to public-private partnerships and outsourced to the private sector. Seventy-two types of licensed activities and 40 permits have been legally abolished to improve the business climate and simplify the business environment.

POSITIVE ASSESSMENT

These transformations are positively assessed by foreign rating agencies and organisations. Thus, according to the Index of Regulatory Restrictions on Foreign Direct Investment (Organisation for Economic Development and Cooperation), our country has the best rating among the Central Asian region. This year, the country's performance on the Heritage Foundation's Index of Economic Freedom, the indicators ‘Freedom of Trade’ and ‘Freedom of Investment’ has improved considerably.

Let us return to the assessment of the prospects of dynamics and effectiveness of reforms based on the results of the recent IMF consultations with Uzbekistan in accordance with Article IV of the IMF Agreement. According to the Fund's outcome document, the opportunities arising from accelerated structural reforms, increased income and capital inflows, and favourable commodity price dynamics are positive for Uzbekistan's sustainable development.

Analysis of industrialisation indicators, investment activity and expansion of export indicators testifies to the real effectiveness of the ‘Uzbekistan - 2030’ Strategy and a set of accompanying measures to strengthen the country's economic potential and international standing. This, in turn, becomes a demonstration of the irreversibility of reforms aimed at building an independent New Uzbekistan.

Deputy of the Legislative Chamber

of the Oliy Majlis of the Republic of Uzbekistan,

Doctor of Economic Sciences, Professor Durbek Akhmedov

“Uzbekistan - 2030” strategy, adopted on 11 September 2023, identifies sustainable economic growth, the establishment of modern education, healthcare and social protection systems, creation of favorable environmental conditions, building a just and modern state and guaranteed national sovereignty and security as its priority areas. At the core of all reforms is the aim to increase citizens’ welfare, strengthen public trust in the state and ensure confidence in the future. The strategy represents a shift from goal-setting to results-based management, with clear accountability, measurable outcomes and linked financing.

Since its adoption, Uzbekistan has achieved significant progress. Between 2023 and 2025, nominal GDP rose from USD 107.5 billion to USD 140 billion, while exports, foreign investment and innovative activity also grew. Social indicators reflect the reforms’ impact: unemployment fell from 6.8% to 4.9% and poverty decreased from 11% to 6.8%.

What are the reasons for updating the “Uzbekistan - 2030” Strategy?

The need to accelerate the country’s further development has prompted the update of the strategy and its target indicators. The “Uzbekistan - 2030” Strategy has been revised in light of both external and internal factors.

External factors include the global geopolitical environment, international economic trends, technological innovations, environmental and natural changes and the growing demand for energy and water resources. Internal factors encompass demographic growth, urbanization and migration, which require strengthening institutional quality and improving governance efficiency.

In response to these challenges, a draft of the “Uzbekistan - 2030” Strategy for 2026-2030 has been developed and published for nationwide public discussion.

Within the updated Strategy, while retaining the same five priorities and 100 goals, certain tasks and performance indicators have been revised. Many of the previously established targets have already been achieved and new objectives have been added, resulting in an expanded and updated set of performance indicators. Moreover, the document specifies the responsible ministries and agencies as well as the concrete funding sources required to achieve each goal.

In which areas do the reforms provide “mechanisms for change”?

Economy. The largest number of tasks and performance indicators fall under “II. Ensuring the well-being of the population through sustainable economic growth.” The Strategy sets a target GDP of USD 240 billion by 2030 through measures such as maintaining annual inflation at 5–6%, ensuring fiscal stability, enhancing the country’s investment attractiveness, efficiently utilizing domestic raw materials and developing high-tech-based industry and services. The plan also emphasizes deepening Uzbekistan’s integration into global transport and logistics networks and strengthening the export potential of the national economy.

Transitioning to a green economy, transforming the country into a regional “IT HUB” through digital technology development, increasing competition in the banking sector, creating the most favorable conditions for entrepreneurial activity and implementing comprehensive regional development will generate new jobs, ensure employment and increase citizens’ incomes. These measures are expected to reduce poverty, enhance overall well-being and stimulate the growth of key economic sectors, particularly construction, tourism and the service industry.

Education. The Strategy also aims to create favorable conditions for realizing the potential of the youth as well as developing the education and healthcare sectors. Under “I. Creating dignified conditions for the realization of each person’s potential,” performance indicators have been established to achieve goals by 2030, such as ensuring that 50% of graduates from general education schools and academic lyceums receive higher education and secure employment in sectors offering fair wages. Additionally, the inclusion of 10 higher education institutions in the global top-1000 rankings (QS, THE, ARWU) will enhance the competitiveness of Uzbek youth not only in domestic labor markets but also internationally.

The implementation of a cluster system “enterprise – university – research organization” will contribute to the expansion of innovative products in the economy’s “driver” sectors. The Strategy envisions the creation of spin-off type production clusters at higher education institutions to accelerate the process of integrating scientists’ research ideas into economic practice in areas such as transport and logistics, agricultural production, energy, biotechnology, geology and metalworking, mechanical engineering and electronics. Developing science, especially among youth, will improve Uzbekistan’s position in the Global Innovation Index and enable the country to enter the list of the top 60 most innovative nations worldwide.

Health. It is often said that a person’s education reduces health risks and increases life expectancy, while health - physical, mental and social - is the foundation for a full life and self-realization. The Strategy sets goals for the next five years to increase the average life expectancy of the population, reduce premature mortality from cardiovascular diseases (ages 30–69), cancer and respiratory diseases and decrease the incidence of life-threatening congenital defects in newborns. In maternal and child healthcare, nine performance indicators have been established. The Strategy also prioritizes promoting healthy nutrition and lifestyles among the population and reducing adult obesity rates.

Social Protection. For vulnerable segments of the population, the state will continue its policy of fundamentally improving the system of professional social services, establishing a new support system for persons with disabilities and creating a comfortable and favorable environment for them. For children left without parental care, 100% implementation of alternative, non-institutional forms of care will be ensured and for children with special educational needs, coverage by inclusive education will be increased.

The state pays special attention to the expansion of women’s rights and opportunities. Different cultures have diverse perceptions of the roles of men and women, shaped by history, religion and traditions. At the same time, globalization and potential prospects for the country’s development require the implementation of policies ensuring gender equality and increasing the social and political activity of women. The draft Strategy includes tasks such as expanding the number of women trained in professional and entrepreneurial skills, increasing the number of women actively using information and communication technologies, raising the share of women in leadership positions to over 30 percent, and regulating family relations in households experiencing conflict or on the verge of divorce.

Ecology, Law and Security. The priorities of “Conservation of water resources and environmental protection”, “Ensuring the rule of law and organizing public administration oriented toward serving the people” and “Consistent continuation of a policy based on the principle of a safe and peaceful state” are also included in the Strategy, with specific tasks and performance indicators outlined.

Mechanisms for Achieving Goals for Each Priority

The mechanisms for achieving goals under each priority are reflected in strategic documents. For example, to implement the objectives of the priority “Conservation of water resources and environmental protection”, the National Climate Strategy for Climate Change Mitigation and Adaptation and the Strategy for Industrial Waste Management have been developed.

To develop the driver sectors of the economy and achieve GDP growth to 240 billion dollars by 2030, sectoral strategies have been formulated: Strategy for the Development of Industry of Uzbekistan, Strategy for the Development of the Automotive Industry, Strategy for the Development of Light Industry, Strategy for the Development of the Building Materials Industry, Strategy for the Development of the Jewelry Industry, Strategy for the Development of Tourism in Uzbekistan, Strategy for the Modernization, Accelerated and Innovative Development of the Construction Sector and others.

The development and implementation of strategic documents at the regional level will allow achieving goals and objectives in a comprehensive and targeted manner. For instance, Strategies for Comprehensive Development of All Spheres by 2030 in each region of the country consider socio-economic development through the lens of the local economy and the well-being of the population. The development of such documents involves not only local authorities but also leading ministries and agencies, including the Ministry of Economy and Finance, Ministry of Investments, Industry and Trade, Ministry of Agriculture, Ministry of Digital Technologies, Ministry of Employment and Poverty Reduction, Ministry of Energy, National Committee on Ecology and Climate Change and others.

The development of sections of the Strategy involved national think tanks, such as the Institute of Macroeconomic and Regional Research, Center for Economic Research and Reforms, etc. This demonstrates that Uzbekistan implements a scientifically grounded policy (evidence-based policy), where decision-making in various spheres - economy, social policy, ecology, law and security - is based on scientific data, forecasts and expert assessments to achieve medium- and long-term goals.

Key expected outcomes until 2030 (macro outcomes)

The main outcomes of the updated “Uzbekistan – 2030” Strategy are expressed through economic, social, environmental, and other indicators. In the economic sphere, it is expected to achieve macroeconomic stability and sustainable GDP growth up to USD 240 billion, transform the country into a regional “IT HUB” and enter the top 60 most innovative countries in the world, deepen the republic’s integration into global transport and logistics networks and strengthen the export potential of the national economy. Creating a favorable business climate and sustainable jobs as well as ensuring employment for the population, will help reduce income inequality and poverty, with the elimination of absolute poverty based on minimum consumer expenditure and reducing its level to zero percent.

In the social sphere, Strategy provides for creating decent conditions to realize the potential of young people and improving education and healthcare, reflected in target indicators such as increasing life expectancy to 78 years, achieving 80% coverage of children in kindergartens, and 50% coverage in higher education. It also aims to enhance the quality of university education, include 10 higher education institutions in the TOP-1000 rankings of the world’s most prestigious universities (QS, THE, ARWU) and implement a cluster system connecting enterprises, universities and research organizations.

In the environmental sphere, the Strategy envisions continuing the transition to a green economy, introducing green energy technologies, constructing buildings that meet “green” standards, promoting a culture of rational water use, developing water-saving technologies, preventing air pollution and mitigating the negative impacts of climate change.

Doctor of Economic Sciences, Professor D.M. Karimova

Institute of Macroeconomic and Regional Studies

Republic of Uzbekistan

The text of the article is in Uzbek!

Navruz is greeted with special enthusiasm throughout the country. On March 20, President Shavkat Mirziyoyev visited Rohat mahalla in Bektemir district, where he took part in festive events.

The mahalla, specializing in services and trade, is home to 4,000 people. Under the new employment system, the mahalla's internal reserves are actively used with the participation of banks. Last year, about 100 residents got jobs, 256 people became self-employed, and 13 people started entrepreneurial activities. Two manufacturing enterprises and dozens of trade and consumer service outlets create convenience for residents.

The Head of State reviewed the activities of these enterprises.

The mahalla has landscaped streets, well-maintained houses, educational and medical institutions, sports grounds, training centers, an amphitheater, crafts and library and information centers. The center for the elderly is especially lively now.

The President took part in the Sumalak celebration and had a warm talk with residents of the mahalla and representatives of the older generation. During the conversation, plans for the current year were discussed, including ensuring peace and stability, supporting entrepreneurship and creating new jobs.

– I am glad to see your mahalla so well-maintained and people in a good mood. Over time, we will expand opportunities in all districts. The most important thing is to maintain peace and unity. Remember what the situation was on our borders before? We solve all issues in a balanced manner, with political will. Thanks to the organization of work on the ground, we see the real picture in 10 thousand mahallas. Through the "mahalla seven" system, assistance reaches every home. We still have a lot of work to do in terms of increasing the population's income, reducing poverty and youth policy. This is why we are paying more attention to education, especially to the education of girls. A society where young people are educated and spiritually developed will definitely achieve prosperity, - emphasized Shavkat Mirziyoyev.

In the Rohat mahalla, young residents receive a quality education in a comprehensive school, a children's music and art school, the “Barkamol Avlod” center and an academic lyceum. The construction of a new preschool institution was recently completed, which will open up new opportunities for the early development of children.

The main goal of state policy in the penal sphere in Uzbekistan is aimed at liberalizing punishment and the system of its execution. Based on this, a number of strategic objectives have been identified. In particular:

Firstly, crime, improvement and liberalization of criminal and criminal-procedural legislation, decriminalization of specific criminal acts, humanization of criminal punishments and the procedure for their execution were determined as one of the priority directions for improving the state and society building system in the Action Strategy of the Republic of Uzbekistan in 2017-2021.

Secondly, the Resolution of the President of the Republic of Uzbekistan “On the Concept of improvement of criminal and criminal-procedural legislation” was adopted on May 14, 2018. It was aimed at improving the criminal responsibility and punishment system, in particular, eliminating forms and types of punishments that do not meet to modern requirements, and preventing crimes. The task of introducing types of punishment and other legal measures, simplifying punishment or expanding the norms regulating the conditions of criminal responsibility or exemption of person from liability was established.

Thirdly, the implementation of qualitatively new mechanisms for ensuring the unconditional observance of the rights of prisoners, respect for their honor and dignity, priority tasks such as further expansion of the scope of rights of convicts in accordance with generally recognized international standards were determined in the Decree of the President of the Republic of Uzbekistan dated on November 7, 2018 “On measures to radically improve the criminal and executive legislation”.

Fourthly, the necessity to ensure labor, social security and other internationally recognized rights of convicts, people who have served their sentences, to introduce effective mechanisms to help their social adaptation and reintegration into society, and widely introducing the principle of humanitarianism into the penal system was noted as the essential and necessary condition for the development of the law priority principles in the Development Strategy of New Uzbekistan in 2022-2026;

Fifthly, the task of reducing the practice of imprisonment from 30% to 20% was strengthened as the main criterion for reforms in the judicial system in the strategy “Uzbekistan – 2030”.

Sixthly, new version of the Constitution of the Republic of Uzbekistan was adopted pursuant to the Referendum on April 30, 2023, in which human rights and freedoms are guaranteed based on the universally recognized norms of international law, as well as the prohibition of the death penalty.

Meanwhile, 3 laws, 2 decrees and 7 resolutions of the President of the Republic of Uzbekistan, more than 20 resolution and decrees of the government, more than 15 departmental and interdepartmental regulatory legal documents aimed at further improving the system of execution of punishment for the implementation of these strategic goals were accepted.

As a result, the range of rights and legal interests of the prisoners were expanded and brought into line with international standards.

It is worth noting that at the initiative of the President Shavkat Mirziyoyev, the work on ensuring the rights and freedoms of prisoners serving sentences in penitentiary institutions has reached a completely new level.

In particular, based on the Decree of the President of the Republic of Uzbekistan dated on April 2, 2021, “On additional organizational measures to further improve the activities of internal affairs bodies in the field of ensuring public safety and fighting crime”, the followings were determined:

to increase the effectiveness of educational work on the moral correction in order to prevent re-offending, to improve the system of execution of punishment, to ensure the protection of the rights, freedoms and legal interests of prisoners;

to ensure the priority importance of honor and dignity of prisoners, to introduce transparent and more effective legal mechanisms of moral education and labor training for social adaptation of convicts to society in the future;

to radically improve the criminal-executive legislation, taking into account modern international standards and advanced foreign experience;

to ensure strict discipline and legality in penitentiary institutions and investigative detention centers, to prevent corruption, and fully automate the processes of monitoring the condition of prisoners;

to create opportunity to purchase items in the prescribed manner by prisoners in penitentiary institutions, and their relatives as well, through electronic stores based on free market mechanisms;

to maintain the electronic database of information about the behavior and personality of each prisoner and fully digitize the process of distribution of prisoners in order to correctly determine the tactics of re-educating prisoners and prevent them from committing crime.

A number of practical results have been achieved as a result of the comprehensive reforms implemented in the field of criminal punishment.

Particularly:

Firstly, the restrictions on the visits of juvenile prisoners with their parents were removed, and female prisoners were given the right to visit their children in orphanages on unlimited basis.

Secondly, special attention was paid to the education and vocational training of prisoners, and the activity of "Master-Apprentice" schools was launched in penitentiary institutions.

In fact, there are 6 general educational schools and 4 vocational centers operating in the penitentiary institutions at present. More than 2,000 convicts are trained in such schools, and more than 5,000 in the vocational centers are trained in tailoring, carpentry, furniture making, auto electrician, electrician, locksmith and other professions, and they are given certificates in 16 specialties in total.

Thirdly, according to the law “On Education"” the right to distance education was given to prisoners in penitentiary institutions.

Henceforth, the dream of the prisoners who want to get higher education was fulfilled. 25 prisoners were admitted to the prestigious national higher educational institutions, as well as branches of international higher education institutions in our country in 2021-2023.

Fourthly, special attention was paid to the social welfare of prisoners, and the right to pension was guaranteed (as of January 1, 2024, pensions were granted to 676 prisoners) and it was determined that social insurance would not be deducted from wages. The number of phone calls, visits and meetings of the prisoners has almost doubled.

Fifthly, in the direction of expanding the political rights of prisoners, the requirements of the International Covenant on Civil and Political Rights, as well as the positive experiences of France, Germany, the Netherlands, the United Kingdom, Germany, and Turkey, are implemented into national legislation, and the right to vote was given for the first time for prisoners who are serving sentences for crimes of low social risk and less serious crimes.

On this basis, 3,619 prisoners in the 2019 Parliamentary elections, 8,203 prisoners in the 2021 Presidential elections, and 9,738 prisoners in the 2023 referendum exercised their political right to vote.

Sixthly, the procedure for the visit of the Representative of the Oliy Majlis of the Republic of Uzbekistan on Human Rights (Ombudsman), diplomatic corps, representatives of international, republican and local non-governmental non-profit organizations, foreign and local mass media to prisons was established.

Seventhly, With the Decree of the President of the Republic of Uzbekistan “On the Development Strategy of New Uzbekistan in 2022-2026”, a system of providing “initial socio-material support package” was introduced to help citizens who have served their sentences to find their place in society in the future.

Eighthly, in order to allow and support the convicts who realized the mistake of their actions, sincerely repented and resolutely chose to the path of recovery, the mechanism of “pardon” was established by the head of our state which is considered clear example of forgiveness and nobility of our nation.

In particular, in 2017-2024, a total of 7128 convicts were pardoned by the relevant decrees of the President of the Republic of Uzbekistan, 219 of them were foreign citizens and 377 were women.

Ninthly, according to the relevant decree of the government, certain information in prisons that cannot be disclosed until now, including:

the number of persons detained in penitentiary institutions and investigative detention centers;

the number of penitentiary institutions and investigative detention centers and their locations;

the production activities of penitentiary institutions, the goods produced by them according to the nomenclature and expressed in money;

the number of deaths among persons detained in penitentiary institutions and pretrial detention centers;

information on the number of prisoners kept in penitentiary institutions and subjected to coercive medical measures was disclosed.

Admittedly, in addition to the norms of international law, the United States, the countries of the European Union, Russian Federation, Moldova, Kazakhstan, Belarus and Kyrgyz Republic and a number of positive experiences of other countries were taken into account in the improvement of criminal law and the mechanisms of its practical implementation, as well as in the expansion of the basic rights and freedoms of prisoners.

In addition, the provisions of the international legal norms related to the system of execution of punishment were introduced into the criminal law. In particular, the “Minimum standard rules for dealing with prisoners” (Nelson Mandela Rules), adopted by the resolution of the United Nations General Assembly on December 17, 2015, was applied to the criminal law of the Republic of Uzbekistan.

Hence, respect for the dignity of prisoners was guaranteed, mechanisms aimed at preventing the use of torture and cruel treatment were improved. Furthermore:

the right of prisoners to receive psychological assistance was enabled;

prisoners in need of medical care were allowed to be placed in regional institutions of the Ministry of Health;

prisoners suffering from a serious illness were given the opportunity to talk over the phone and meet their close relatives based on the doctor’s permission.

At the same time, the application of disciplinary punishment was completely canceled for the disorder in case of his mental state was disturbed.

Based on the abovementioned facts, as well as on the basis of the norms of international law and the positive experiences of foreign countries, it is expedient to implement the following proposals and recommendations in the practice of law enforcement in order to improve the criminal law of the Republic of Uzbekistan:

Further expansion of the basic rights of prisoners, in particular, the use of computer tools connected to the Internet (educational, artistic, electronic books, publications, educational materials, graphic designs) connected to the global information network in specially equipped rooms, the introduction of a simplified procedure for the use of electronic state services, including notary services;

education of convicts, acquisition of profession and wide involvement of them in useful work;

raising the legal consciousness and culture, ideological views of prisoners, defining systematic measures aimed at forming immunity of intolerance to violations to them;

determining the acceptable directions of exemption from punishment in legislation;

implementation of modern forms of social adaptation and resocialization of prisoners based on the analysis of international law norms and best practices of foreign countries.

At the same time, further liberalizing crimes and criminal law, especially by expanding non-custodial sentences for juveniles, women, the elderly, and prisoners with disabilities, is the best way to improve the most effective national crime-fighting system today.

In short, improving the law enforcement practice and legislation in the judicial executive system, and consistently continuing the ongoing reforms are aimed at building democratic legal state and fair civil society in our country, strengthening the guarantees of human rights protection, and ensuring the rule of law in society.

Khatamov Rustam

Head of the Academy of the Ministry of internal affairs of the Republic of Uzbekistan, Doctor of philosophy in law sciences (PhD), Associate professor, Colonel

The text of the article is in Uzbek!

The Head of State identified priorities for updating the activities of the Ministry of Foreign Affairs and foreign diplomatic missions

On January 15, an expanded meeting was chaired by President Shavkat Mirziyoyev on the activities of the Ministry of Foreign Affairs and diplomatic missions abroad, reports Dunyo IA correspondent.

Opening the session, the Head of our state noted that the meeting is taking place amid sharp geopolitical changes in the world and increasing threats to the sovereignty of states. In this regard, the need to critically assess current foreign policy activities and move to a renewed format for organizing the work of the Ministry of Foreign Affairs and foreign diplomatic missions was emphasized.

President noted that 2025 had been a productive year for the country's foreign policy. During the year, high-level visits were made to 26 foreign countries, and for the first time in recent history, visits to Uzbekistan were organized by the leaders of a number of countries. Multilateral dialogues in the “Central Asia Plus” format became productive. In recent years, strategic partnerships have been established with 11 countries, bringing the total number to 19, and allied relations have been built with Kazakhstan, Azerbaijan, and Tajikistan.

– As a result of an open, pragmatic, thoughtful and proactive foreign policy, Uzbekistan is consistently strengthening its position as one of the global centres of peace and diplomacy, – emphasized President.

Since 2017, 16 new diplomatic missions and consulates have been opened abroad, bringing their total number to 60, and the number of countries with which diplomatic relations have been established to 165. There has also been an increase in the number of staff and salaries of employees of embassies, consular offices, representative offices to international organizations and employees of the Ministry of Foreign Affairs.

At the same time, a fundamental question was raised as to whether all diplomatic missions are making full use of the opportunities provided.

– In the current environment, an ambassador is not just a person who conducts political dialogue. An ambassador is a state representative who attracts investment and technologies, opens new export markets, launches transport and logistics corridors, increases tourist flows, creates conditions for legal labor migration and, most importantly, protects the rights of our citizens, - emphasized President.

In this regard, it was noted that key performance indicators for ambassadors should include the volume of export revenues from the countries of residence, growth in tourist flows and the effectiveness of organizing legal labor migration.

Particular emphasis was placed on the need to increase exports and investments by strengthening economic diplomacy.

As part of bilateral and multilateral events in 2025, agreements were signed on investment projects and trade contracts totaling $160 billion. For the first time in history, foreign trade turnover exceeded $80 billion, exports reached $33,5 billion, and foreign investment exceeded $43 billion. Exports to 75 countries increased by almost $4,5 billion.

In view of this, the ambassadors have been tasked with expanding export deliveries to the Middle East, Europe, Asia, and Africa, as well as implementing specific projects in the fields of industry, agriculture, the chemical industry, the textile industry, greenhouse farming, and the service sector. At the same time, it was noted that Uzbekistan's products remain insufficiently recognized in certain markets.

It was noted that the growth of logistics costs has a negative impact on the competitiveness of domestic products. In this regard, the need to diversify transit routes, optimize logistics chains, and develop additional proposals to reduce transportation costs when entering European markets was indicated.

In the agricultural sector, tasks have been set for researching and implementing water-saving technologies, modern agricultural technologies, and innovative greenhouse solutions. Along with this, measures have been outlined to expand export markets for chemical industry products, bring domestic manufacturers up to international standards and requirements, and organize specialized exhibitions and presentations.

The need to intensify trade and economic cooperation with the African continent as one of the promising new export destinations has been emphasized. To this end, a clear roadmap is to be developed with the participation of relevant ministries and foreign diplomatic missions.

It was noted that ambassadors should be directly interested in finding promising projects, attracting them, and implementing them in practice. In this regard, it was decided to introduce financial incentives for ambassadors who bring specific investment or export projects to a logical conclusion.

Criticism was levelled at the insufficient realisation of existing potential in a number of areas. In particular, it was noted that opportunities to attract international grants are not being fully exploited. It was noted that with closer and more systematic interaction between ministries, industry leaders, and ambassadors, it would have been possible to attract an additional $200-300 million in grant funds last year.

As noted, international organizations and donor countries announce grant programs worth approximately $200 billion annually. In this regard, the task has been set to implement a unified, systematic and effective approach to working with grants.

In addition, the need to take concrete measures, together with the ambassadors to the United States, the United Kingdom, Germany, Switzerland, China, Japan and Singapore, to attract leading foreign universities ranked in the top 100 worldwide as partners of Uzbek higher education institutions was emphasized.

It was noted that cooperation between regions and diplomatic missions in expanding foreign economic relations is still insufficient. The need for active participation of regional governors, together with ambassadors, in the systematic promotion of export-oriented products of the regions and in facilitating the entry of local enterprises into foreign markets was emphasized.

Providing Uzbek citizens with legal and high-paying jobs abroad was identified as another priority area. The expansion of the geography of organized labor migration was noted, while it was pointed out that in a number of countries, work in this area is not sufficiently effective and relevant instructions were given in this regard.

It was emphasized that embassies and consulates should actively protect the rights and legitimate interests of citizens and provide qualified legal assistance in each specific case. The task has been set to abandon "office diplomacy", strengthen work in the field and establish direct dialogue with compatriots.

In the field of tourism, the need to further strengthen the role of ambassadors, introduce new approaches to promoting the country's tourism and cultural potential, make effective use of visa-free regimes and attract international outsourcing companies has been identified.

Issues related to expanding foreign policy ties, high-quality and timely preparation of high-level visits, retraining of diplomatic personnel, and the formation of a reserve of promising specialists were also discussed.

The intensification of foreign information policy and the improvement of the country's international image through systematic work with foreign media and the implementation of special media projects were identified as priority tasks.

The need to update the Concept of foreign policy of the Republic of Uzbekistan, review its priority areas, and define clear tasks for protecting national interests and strengthening the country's position in the international arena was emphasized.

As the President noted, the new concept should comprehensively reflect long-term strategic goals, the logic of internal reforms as well as national interests in the areas of economic diplomacy, security, investment, exports, transport and logistics, water and climate issues.

In order to give proper recognition to the achievements of diplomats, it was proposed to establish the honorary title of “Honored Diplomat of the Republic of Uzbekistan".

At the end of the meeting, President Shavkat Mirziyoyev emphasized: “The time has come for a new generation of diplomats – those who achieve concrete results and firmly defend the interests of Uzbekistan in the international arena”.

In the course of the session, reports and proposals of our ambassadors abroad were heard.

Dunyo IA