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Uzbekistan has set a goal to increase the level of youth enrollment in higher education to 50%
📅 25.07.2024
Numerous scholars and studies have confirmed the connection between the quality of education and the well-being of society. The Nobel Prize winning Gary Becker was one of the first to inquire into the impact of education on economic growth and social development. His research has shown that investing in education can improve productivity and thus economic growth.
According to experts from the Organization for Economic Cooperation and Development, the high level of education, GDP and economic development serve to augment the average life expectancy and improve public health. One should note that stepping up the duration of education by 1 year can increase GDP by 3-6 percent.
Education is considered a crucial issue for Uzbekistan, 60% of the population of whose is young people under the age of 30, with a population increase of 700 thousand a year.
Up until recently, obtaining higher education was the dream of millions of Uzbek youth. In 2016, enrollment in higher education was only 9 percent of all the school graduates, and the number of higher education institutions was 69 (with 9 private). Due to a lack of student loans to finance higher education and support systems for vulnerable segments of the population, many were unable to study failing to pay tuition fees.
There were also problems for youth in getting onboard the higher education. Those willing to obtain one were able to apply only to one institution a year. And if they did not score enough in the admission exams, they had to wait until the next year to reapply to that or another university.
In addition, such factors as taking faculty and students to forced seasonal agricultural work used to have a grave negative impact on the quality of education. So did the insufficient material incentives for the teaching staff due to the extremely low wages.
After the election of Shavkat Mirziyoyev as President of the country in 2016, the system of admission to higher education institutions started to be revised, with overall systemic transformation underway, especially when it came to the quality of education.
First, the organizational and legal framework of the industry has been revised. In particular, the 2030 Concept for Higher Education Development in the Republic of Uzbekistan was approved in 2019 by the corresponding presidential decree.
In 2020, the Oliy Majlis (Supreme Assembly, the national parliament) passed the Education law in a new edition. In accordance with it, the system opened up to market mechanisms, priority was afforded to raising the scale and quality of education to a new level, to studying advanced foreign practices and establishing broad international connections.
Apart from that, adopted in 2023, the new edition of the Constitution introduced a number of new norms on the protection of the honor and dignity of teachers, government concern for their social and material well-being. The upgraded Basic Law also granted the higher education institutions the right to academic self-government, freedom in scientific research and teaching methodologies and approaches.
Second, to be sure, education advancement requires allocation of large sums from the state budget to this area. According to research, a 1% increase in education spending will increase GDP by 0.35%. It is for this reason that the amount of funds allocated from the public budget for the maintenance and development of educational institutions in Uzbekistan has been steadily growing.
In 2023, spending on education accounted for 44 percent of total social expenditures, reaching 61.2 trillion soums.
The rapid growth in the number of public and private universities, as well as branches of foreign ones, and the introduction of market mechanisms in this area have created the basis for expanding the market in educational services. Today there are 210 universities in the country, almost half of them are private (67) and foreign universities (29).
Crucially, the youth are now free to choose. A healthy competitive environment has begun to emerge among the institutions offering higher education. Branches of prestigious foreign universities like Westminster (UK), Webster (US), Management Development Institute of Singapore, Polytechnic University of Turin (Italy) have an important role to play in the implementation of advanced standards in higher education by inviting state-of-the-art certified faculty, making a good use of the latest teaching technologies, innovations and international best practices.
As a result of the enhancement of the higher education market in Uzbekistan, it became possible to boost the coverage in the system from 9 percent of school graduates enrolled in 2016 to 42 percent in 2023. And the launch of correspondence and evening studies at universities has contributed to a sharp increase in the proportion of students over 24 years of age. The total number of university students now exceeds 1.3 million.
Starting from 2019, applicants have been given the opportunity to simultaneously submit documents to several universities and choose an educational institution based on the results of entrance exams and their preferences. This year, building on a relevant presidential decree, exams for admission to universities will take place under the principle “test first, then choose”.
Uzbekistan has created a unique system that provides opportunities to obtain higher education for people in need of social protection and people with disabilities. In particular, the distribution of admission quotas was approved on the basis of an additional two percent state scholarship for persons with disabilities and one percent for graduates of Mehribonlik (Mercy homes, orphanages), children’s villages and family homes in the context of higher educational institutions and forms of education.
It will not be an exaggeration to say that changing society by attracting girls to higher education is a unique path for Uzbekistan. Here one can recall a popular wisdom that if you educate a girl, you educate the whole nation. In order to ensure gender equality, as well as the consistent implementation of the UN Sustainable Development Goals, starting from the 2022-2023 academic year, new educational loans are allocated on preferential terms (interest-free) for training girls and women. As a result, in 2023, interest-free educational loans in the amount of 1,548.6 billion soums were allocated to about 137.4 thousand students.
A procedure has also been established for reimbursement of tuition fees for girls studying for graduate degree at universities. During this time, 20,260 women took a good advantage of this opportunity.
Special emphasis is placed on the issues of training youth from Uzbekistan in prestigious foreign universities. In particular, the amount of funds allocated from the state budget to the El-Yurt Umidi (Hope of the Nation) Foundation for the training of talented youth abroad has been growing. If 200 billion soums were allocated to this fund in 2022, in 2024 the amount reached 500 billion soums. Thanks to the foundation, more than 1,000 young people have received education in respected higher education institutions abroad and today work in various fields. According to the UNESCO Institute for Statistics, students from Uzbekistan ranked fifth in the world in the number of students studying abroad in 2021. The number exceeded 110 thousand. This is also clear evidence of how young people in this country are thirsty for knowledge.
The Uzbekistan-2030 Strategy urges to bringing the level of youth enrollment in higher education to no less than 50 percent, including in at least 10 higher educational institutions in the top 1,000 ranking of the most prestigious universities, and making the way for the country into the top 50 nations by 2030 in the Global Innovation Index.
As a result of reforms over the past period, two universities of Uzbekistan for the first time entered the top 1,000 higher education institutions in the world, compiled by the British company Quacquarelli Symonds (QS). The National Research University “Tashkent Institute of Irrigation and Agricultural Mechanization Engineers” (TIIAME) was named 547th in the rating, while the Mirzo Ulugbek National University of Uzbekistan secured the 781-790th positions.
The National Research University TIIAME was among the 300 best higher education institutions in the world and among the top three universities in Central Asia in terms of “Academic reputation”, and the National University of Uzbekistan was in the top 200 in terms of “Share of foreign teachers” and took second place among universities in the region.
In addition, 53 higher educational institutions of Uzbekistan were noted in the “THE Impact Rankings” published by the Times Higher Education agency for 2024. Seven of them ended up in the top 1,000. In the ranking, the Tashkent State University of Uzbek Language and Literature came 10th in the world in terms of gender equality.
In short, well aware of the truism that investing into education means investing into your future.
Nodir Tilavoldiev,
Member of the Legislative Chamber of the Oliy Majlis
Republic of Uzbekistan
Uzbekistan nominated for Chairmanship of the UN Tourism Comission for Europe for 2025–2027 term
📅 14.05.2025May 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.
Address by the President of the Republic of Uzbekistan Shavkat Mirziyoyev at the “SCO Plus” meeting
📅 07.07.2024
Esteemed Heads of Delegations!
Once again, I would like to express my gratitude to the President of the Republic of Kazakhstan, esteemed Kassym-Jomart Tokayev, for the warm welcome and excellent organization of the Summit in Astana.
We are highly estimate Kazakhstan’s effective chairmanship of the SCO, which has facilitated the expansion of multifaceted cooperation within the Organization.
It is a great honor to have with us the heads of observer-states and dialogue partners, esteemed guests.
Dear Participants of the Meeting!
I believe that a meeting in the broad format of SCO Plus is timely and necessary.
The world needs to restore trust, justice and solidarity more than ever.
The current global political and economic landscape is characterized by fractures, wars, and conflicts that are undermining the foundations and key principles of the system of international relations.
The contradictions and protectionism that have emerged are creating fragmentation of the world economy and supply chain disruptions, which are in turn creating new dividing lines that prevent countries from cooperating effectively in trade, finance and investment, technology transfer and innovation.
The only viable solution to these challenges is to consolidate efforts in the interest of global security, development, and prosperity.
The SCO has always advocated for and has been committed to a just world order based on the universally recognized principles of international law and multilateralism, with the UN playing a central coordinating role.
In this regard, our Organization continues to serve as a focal point for many countries seeking to build broad cooperation without political and ideological biases.
Concurrently, the evolving circumstances necessitate the implementation of new strategic approaches to enhance the efficacy of the Shanghai Cooperation Organization.
Today, as it stands on the threshold of its 25th anniversary, it is imperative to develop a new agenda that aligns with the Organization’s immense potential and growing role in world politics and economy.
Building on the “Shanghai Spirit” and the founding principles of the Charter, unity and cohesion within the Organization should be preserved. I propose to intensify joint efforts with the objective of strengthening the atmosphere of trust and friendship within the SCO and to remove barriers to deeper cooperation.
First of all, it is necessary to undertake a comprehensive reevaluation of the conceptual foundation underpinning the SCO’s security-related activities.
The nature and scope of contemporary challenges have undergone a significant transformation since the establishment of the Organization.
Environmental and natural disasters, water and food shortages, cyberattacks, new methods of undermining sovereignty and economic stability pose an increasing threat.
All of this should also be taken into account when considering the strengthening of the SCO's potential, including the establishment of the Universal Center for Countering Security Threats and Challenges.
In this context, I propose to hold annually SCO Plus Dialogue on Security Issues with the participation of the heads of the competent bodies and experts of all our countries.
Uzbekistan proposes to consistently “reload” trade and economic cooperation in the SCO area, which continues to be fragmented.
So far, we could not manage to create a solid foundation for multilateral trade and inter-sectoral partnership.
For a long time, no consensus has been reached on the establishment of the SCO Development Fund and the SCO Development Bank.
Today at the summit we agreed to take comprehensive measures to simplify trade procedures and develop e-commerce, stimulate technological cooperation, including in the industries of the future.
In order to create an effective platform for business dialogue with the participation of all partners, we propose the annual holding of the SCO EXPO International Industrial Exhibition in our countries.
It is also important to actively promote economic interaction and seek opportunities for linking joint initiatives with the Economic Cooperation Organization, the Gulf Cooperation Council, the Eurasian Economic Union, ASEAN and others.
The new geopolitical realities convince us of the need to build an inclusive and integrated transport and transit system to strengthen interregional connectivity.
The global problems such as climate change and environmental disasters cannot be ignored by the Organization. Our countries are increasingly facing natural disasters, land degradation, reduced agricultural yields, air pollution and water shortages.
I believe that climate cooperation should become a key element of the new SCO agenda.
We advocate for developing an Agreement on cooperation in combating climate change, with concrete measures to achieve common goals and objectives in the area of green development.
We are also proposing the establishment of the SCO Center for Innovative Climate Solutions in Tashkent. It will conduct research on environmental sustainability and “green” growth.
Improving livelihoods and social protection should be given a central place on the Organization’s agenda.
We intend to hold a Global Conference on Sustainable Social Protection in Samarkand next year, under the auspices of the United Nations, as a contribution to achieving the goals Summit of the Future.
Finally, we need to strengthen and promote together a unique model of inter-civilizational dialogue.
The rich cultural, historical and spiritual heritage, traditions, customs and ways of life of our peoples are a powerful and resilient force for building bridges of mutual trust, good-neighborliness and lasting friendship.
This is the message contained in the recent UN General Assembly resolution on the International Day of Dialogue among Civilizations, adopted at our joint initiative.
In this context, the Samarkand Solidarity Initiative for Common Security and Prosperity, which we have put forward, aimed at overcoming the trust deficit through constructive dialogue and multilateral partnership, is more relevant than ever.
The practical implementation of this initiative will contribute to strengthening inter-civilizational dialogue to overcome contradictions on the path to sustainable development.
I am confident that together we can make the Organization even more creative through the implementation of programs in the area of cultural, educational, youth and tourist exchanges.
To this end, we propose to develop a Unified Bank of SCO Humanitarian Initiatives and Programs, which will enable projects in these areas to be systematized and jointly implemented.
I am convinced that the outcomes of this meeting will give a strong impetus to the development of a multifaceted partnership within the Shanghai Cooperation Organization.
Thank you for your attention.
Ecological cooperation between Uzbekistan and the United States elevated to the level of a strategic partnership
📅 26.06.2026
Today, environmental challenges such as climate change, desertification, biodiversity loss and air pollution are driving countries around the world toward closer cooperation. Uzbekistan has likewise identified environmental protection and climate change adaptation as key priorities of its state policy. In this context, the development of international partnerships, particularly with the United States, is of special importance.
At present, experts and representatives from both countries actively engage on various international platforms. In particular, the National Committee on Ecology and Climate Change of the Republic of Uzbekistan regularly participates in meetings of the Environment and Energy Working Groups within the C5+1 framework. This dialogue platform enables the countries of Central Asia and the United States to exchange expertise on environmental issues and advance new initiatives.
In recent years, bilateral cooperation has gained significant momentum. Uzbek delegations have taken part in international forums, educational programs, and professional development initiatives hosted in the United States. Participation in sessions of the United Nations Forum on Forests, visits organized through cooperation with the United States Geological Survey (USGS) and educational exchanges on environmental topics under the U.S. Congress’s Open World Program have all contributed to strengthening professional expertise and promoting the exchange of knowledge and best practices.
In 2024, a meeting between Uzbekistan’s Minister of Ecology, Environmental Protection and Climate Change, Aziz Abdukhakimov, and U.S. Presidential Advisor Sara Minkara underscored the importance of integrating social considerations into the environmental agenda. The parties discussed the impact of climate change on persons with disabilities and reached an agreement to foster cooperation between higher education institutions in the two countries.
Significant progress is also being made in scientific collaboration.
A memorandum signed in 2025 between Green University in Tashkent and the Center for Sustainable Development at Columbia University is expected to elevate research in the fields of ecology and climate change to a new level. A practical outcome of this partnership was the visit to Uzbekistan by world-renowned economist and sustainable development expert Jeffrey Sachs.
Looking ahead, there are broad opportunities to further expand environmental cooperation between Uzbekistan and the United States. One particularly promising area is the study of U.S. experience in forest management. Approximately one-third of the United States is covered by forests and the country has developed advanced forest management and monitoring systems that may offer valuable insights for Uzbekistan.
Considerable potential also exists in the fields of biodiversity conservation and protected area management. In the United States, millions of hectares of land are managed for conservation purposes and this experience could contribute to the further development of Uzbekistan’s protected area system.
Particular attention should also be given to cooperation in education and science. Establishing partnerships between Green University and leading global institutions such as the University of California, Berkeley, Stanford University, Harvard University and Yale University would not only enhance the quality of scientific research but also help prepare a new generation of specialists in ecology and climate science.
In addition, the United States’ advanced experience in sustainable urban development and «green» infrastructure is of considerable interest for Uzbekistan’s cities. Cities such as Portland and Seattle have successfully implemented projects involving «green» streets, cycling infrastructure, modern waste management systems and air quality monitoring technologies. Studying these practices could support the advancement of green city initiatives across Uzbekistan.
The hosting of the Eighth Assembly of the Global Environment Facility (GEF) in Samarkand in 2026 further strengthened Uzbekistan’s international standing in the field of environmental cooperation. The participation of U.S. representatives in Eco Expo Central Asia 2026, organized as part of this landmark event, has the potential to elevate environmental partnership between the two countries to a qualitatively new level.
Today, environmental cooperation between Uzbekistan and the United States extends beyond individual projects and events, increasingly taking on the character of a long-term strategic partnership. At a time when climate change and environmental security are becoming ever more pressing global concerns, such cooperation will contribute to sustainable development not only in both countries, but across the wider region as well.
BRIGHT PROSPECTS FOR MUTUALLY BENEFICIAL PARTNERSHIP
📅 21.08.2026
The true strength of interstate relations is determined not only by political agreements or economic indicators. The better nations understand one another, and the greater the respect they show for each other’s history, culture and values, the stronger and more sustainable relations between states become.
In this regard, relations between Uzbekistan and Serbia are acquiring new substance and significance.
Over the past year, important steps have been taken to lay the foundation for a new stage of cooperation between the two countries. In particular, on 28 October, talks were held in Tashkent between President of the Republic of Uzbekistan Shavkat Mirziyoyev and President of the Republic of Serbia Aleksandar Vučić. Among the documents signed following the talks, the Agreement on Cooperation in the Fields of Education, Science and Culture is of particular importance, reflecting the strong attention being paid to the cultural and humanitarian dimension of bilateral relations.
Today, it is essential for us to transform the existing legal framework into practical, substantive cultural projects that produce tangible results for our peoples.
From dialogue to practical cooperation
When discussing the role of Uzbekistan’s national culture on the international stage, we should not limit ourselves to showcasing historical monuments or examples of national art. Culture is a spiritual process that encompasses history, creativity and the worldview of the younger generation. From this perspective, it is important to develop cultural ties with Serbia not as a series of one-off events, but as a systematic and continuous process of creative cooperation.
Uzbekistan’s music and dance, theatre and cinema, visual and applied arts, literature and traditional crafts offer broad opportunities to introduce Serbian audiences to the rich cultural heritage of our country. At the same time, broader promotion and presentation of Serbian culture and art in Uzbekistan will help transform cultural dialogue between our two peoples into a mutually beneficial and mutually enriching process.
In this regard, Days of Culture, exhibitions, concerts, film screenings, theatre tours, creative meetings and master classes are among the most effective instruments for advancing cultural cooperation.
“From Al-Khwarizmi to Tesla”
Cinematography holds a special place in Uzbek-Serbian cultural cooperation. In particular, on 3 April 2026, during a meeting at the Ministry of Culture of the Republic of Uzbekistan with Lav Pajkić, State Secretary of the Ministry of Culture of the Republic of Serbia, organisational issues related to the joint film project “From Al-Khwarizmi to Tesla”, planned to be produced with the participation of the two countries, were discussed. This project represents an important step towards further developing cooperation in the field of cinematography.
The concept of the project itself carries profound symbolic significance. On the one hand stands Muhammad al-Khwarizmi, who made an outstanding contribution to the development of world science; on the other, Nikola Tesla, who holds a prominent place in the history of electrical engineering and invention. Bringing these two outstanding figures together within a single artistic concept provides a unique opportunity to highlight the contributions of the two peoples not only to culture, but also to science, intellectual thought and the advancement of civilisation.
The strength of modern cinema also lies in its ability to convey historical memory to younger generations and a broad international audience through a compelling and accessible language.
Days of culture — not merely a showcase, but a platform for dialogue
The discussion of holding “Days of Uzbek culture” in Serbia in 2026 is also an important area of cultural cooperation between the two countries.
Such an event should not be viewed merely as a concert or exhibition. Days of Culture are a broad platform for presenting a nation’s cultural identity, learning about another people’s culture, and fostering mutual understanding.
Therefore, when presenting Uzbekistan’s culture in Serbia, it is important to combine national music and dance, visual and applied arts, cinema, literature and traditional crafts with creative meetings, master classes, academic and practical conferences, and literary evenings.
Preserving cultural heritage is a shared responsibility. The historical and cultural heritage dimension also holds particular importance in Uzbek-Serbian cultural cooperation.
Uzbekistan’s historic cities of Samarkand, Bukhara and Khiva have played an important role in the development of world civilisation. Serbia, in turn, is also rightfully proud of its historic cities, architectural monuments and rich cultural heritage.
In this regard, the exchange of expertise between museums, archives, research institutions and organisations working in the field of cultural heritage preservation is one of the promising areas of cooperation. Particularly meaningful practical results can be achieved through cooperation in such fields as restoration, museology, the study of archival materials and the digitisation of cultural heritage.
Translation — a strong bridge between two literatures
One of the most important means of bringing peoples closer together is literature. Translating works of Uzbek literature into Serbian and Serbian literature into Uzbek creates opportunities for a deeper understanding of the inner world, historical memory and spiritual values of the two peoples.
In this area, important tasks include organising literary meetings with the participation of writers and poets, holding seminars for translators, establishing dedicated sections in literary journals, and expanding cooperation between higher education and research institutions.
Indeed, every quality literary work translated into another language becomes a bridge not only between two languages, but also between two peoples.
Tashkent and Belgrade: from сity-to-сity сooperation to people-to-people diplomacy
The signing, on 28 October 2025, of the agreement establishing partnership relations between the cities of Tashkent and Belgrade also opens new opportunities for the development of cultural ties. Going forward, these relations can be enriched through concrete cultural exchanges between the two cities.
Mutual visits by artists, theatre companies, musicians, young cultural and creative professionals, as well as museum and library specialists, can bring cultural diplomacy even closer to the people. People-to-people diplomacy begins not only at major international platforms, but, above all, through direct human interaction.
The tasks ahead are clear
At the next stage of Uzbek-Serbian cultural cooperation, it is necessary to clearly define the key priorities.
First, to establish the systematic organisation of “Days of Uzbek culture” in Serbia and Days of Serbian Culture in Uzbekistan.
Second, to ensure the practical implementation of joint film projects such as “From Al-Khwarizmi to Tesla” and further expand creative cooperation in the field of cinematography.
Third, to increase the number of creative exchanges among representatives of theatre, music, dance, visual and applied arts.
Fourth, to strengthen professional cooperation among museums, archives and institutions working in the field of cultural heritage preservation.
Fifth, to intensify the mutual translation of Uzbek and Serbian literary works, support young creative professionals and establish joint creative platforms for them.
Sixth, to expand the use of digital technologies in culture and the arts and develop joint digital projects.
Most importantly, these tasks should not remain merely on paper. They must be supported by concrete projects, clear implementation timelines and tangible results.
The most effective language of closer relations
The role of culture in relations between Uzbekistan and Serbia is steadily growing. The primary purpose of this process is not merely to showcase our national art abroad. Its fundamental objective is to deepen mutual understanding, bring creative communities together, jointly study historical and cultural heritage, and create new platforms for dialogue among younger generations.
Today, the task of cultural diplomacy is to elevate existing ties to a new level, enrich them with meaningful content and transform them into lasting relations between our peoples.
In Uzbekistan’s international cultural policy, it is important to approach relations with each country with due regard for its historical and cultural characteristics. In cooperation with Serbia, we are united by such important principles as shared human values, respect for history, and a strong commitment to science and creativity.
The greatest achievement of culture is that it brings people, rather than borders, closer together.
Developing cultural cooperation between Uzbekistan and Serbia on the basis of this principle is a task for today and our responsibility to future generations. Culture is one of the most powerful factors contributing to the unity, spirituality and enlightenment of peoples.
As long as our national culture remains vibrant, every sphere built upon it can achieve significant success and make a worthy contribution to the development and prosperity of our country.
Ozodbek Nazarbekov
Minister of Culture of the Republic of Uzbekistan
Reported on the progress of the development of neighborhood and city master plans
📅 19.06.2024
The head of our state familiarized himself with the presentation on the development of master plans of districts and cities.
This task was set at the video conference call dedicated to priority tasks in the economy, which took place on January 16 this year. The responsible persons presented information on the work done, as well as the expected results from the implementation of master plans.
During this time master plans were developed for 14 districts and cities. They provide for the construction of 759 apartment buildings, 22 shopping centers and more than 800 service facilities.
In addition, 136 more master plans are planned based on driver areas in 112 neighborhoods.
For example, 38 high-growth neighborhoods need to build sufficient housing, public spaces and recreational parks.
In 20 districts with high tourism potential, there is an opportunity to increase the flow of tourists by 2.5 times by increasing the number of hotels and developing ecological, hunting, medical, sports and extreme tourism.
More than 400 motels, campgrounds, canteens, stores and car services can be created in 68 districts, through which main roads pass.
In general, thanks to the projects based on master plans, 40 thousand jobs are expected to be created, as well as annual budget revenues of 350 billion soums.
The head of our state emphasized the need to accelerate the creation of convenient infrastructure, shopping and entertainment places, as well as high-income jobs for the population.
The task has been set to create a vertical system of development and monitoring of master plans.
Climate Change Adaptation Measures in the Aral Sea Region
📅 21.04.2026
Today, climate change stands as one of the most urgent and complex global challenges, with its negative effects being particularly acute in ecologically fragile regions under high anthropogenic pressure. One such area is the Aral Sea region, where the consequences of climate change are having a far-reaching impact on the state of natural resources, the living standards of the population, and economic activities.
The desiccation of the Aral Sea has led to a sharp change in the region's microclimate, an increase in air temperature, a decrease in precipitation, intensified wind activity, and a greater frequency of dust and sand storms. These processes are causing land degradation, water scarcity, and a decline in biodiversity. Consequently, agricultural productivity is diminishing, the pressure on drinking water supplies is mounting, and a serious threat to public health is emerging.
Climate change adaptation measures in the Aral Sea region primarily encompass a comprehensive set of actions aimed at sustainable water resource management, strengthening hydro-technical infrastructure, establishing protective forest plantations on the dried seabed, reducing land degradation, conserving biodiversity, and enhancing the climate resilience of the population.
In the New Uzbekistan, the issue of adapting to climate change is one of the priority directions of state policy.
Under the leadership of President of Uzbekistan Shavkat Mirziyoyev, numerous initiatives are being advanced at the international level to ensure environmental sustainability, protect natural resources, and adapt to climate change.
Notably, on the initiative of the President of the Republic of Uzbekistan, a special resolution "On declaring the Aral Sea region a zone of environmental innovations and technologies" was adopted at the 75th session of the UN General Assembly on May 18, 2021.
Today, programs aimed at transforming the Aral Sea region into a zone of environmental innovations and technologies, developing green infrastructure, and increasing the population's resilience to climate change are being consistently implemented. This is crucial for combating the negative environmental and public health consequences of the Aral Sea's desiccation, addressing the resulting problems, and improving the living conditions of the local population by ensuring their employment.
In his speech at the 80th session of the UN General Assembly in September 2025, the leader of Uzbekistan will emphasize that the negative consequences of the Aral Sea's desiccation must remain a constant focus of the global community. It will be noted that in recent years, 2 million hectares of salt-tolerant desert plants have been planted on the dried seabed, and by 2030, green cover will be established across 80 percent of this area.
The International Fund for Saving the Aral Sea (IFAS) is a key institutional center that develops practical solutions for climate change adaptation.
The Agency of the International Fund for Saving the Aral Sea (IFAS), operating within the IFAS system, plays a crucial role in implementing climate change adaptation measures in the Aral Sea region.
Specifically, within the framework of the "Creation of Small Water Bodies in the Amu Darya Delta (Phase II) " project, mechanisms for a stable water supply to the lake system have been improved. This is enabling the redistribution of water resources, regulation of the hydrological regime, and strengthening of the region's ecological balance.
In parallel, the reconstruction of the Muynak Canal has significantly increased its water conveyance capacity. Water distribution efficiency has improved, the water supply to the lakes has stabilized, and water losses have been considerably reduced.
Furthermore, as part of the reconstruction of the "Ribache" reservoir dam, hydraulic structures were reinforced, water discharge systems were modernized, and the risk of erosion was significantly diminished. This contributes to strengthening water security and ensuring the effective and rational use of water resources.
In the area of ecological restoration, protective forests are being established in the Akhantay and Akkum areas. Forest reclamation measures carried out on the dried seabed are helping to reduce wind erosion and salt migration processes. Through these efforts, the microclimate in the region is stabilizing, and landscape degradation is being prevented.
At the same time, the social dimension is also vital for ensuring environmental sustainability. To this end, competitions, educational campaigns, and promotional events aimed at raising ecological awareness among youth are regularly organized.
Additionally, modern models for the sustainable use of water and land resources are being introduced for the local population and farms. In this process, special attention is focused on the widespread adoption of water-saving technologies, effective management of land resources, rational land administration, and the implementation of agricultural practices adapted to climate change.
As a result of these measures, it is possible not only to mitigate environmental problems but also to raise the population's standard of living, ensure economic stability, and strengthen the region's resilience to climate change.
A Digital and Scientific Approach: A New Stage in Climate Adaptation
At the current stage, climate change adaptation processes are not limited to traditional methods but are being integrated with modern digital technologies and scientific approaches. Specifically, these include:
- real-time monitoring of hydrological and meteorological data;
- analyzing the condition of territories based on satellite imagery;
- planning and optimal allocation of water resources;
- and collecting and managing data through digital platforms.
These approaches enable the early detection of climate change impacts, the reduction of risks, and the efficient use of resources.
At the same time, international cooperation is crucial for the effective implementation of climate change adaptation measures in the Aral Sea region. In particular, through collaboration with the Swiss Agency for Development and Cooperation (SDC), efforts are underway to enhance the region's climate resilience through sustainable water resource management and the introduction of integrated approaches.
Additionally, in partnership with the Global Water Partnership (GWP), mechanisms for ensuring water security and the rational use of resources are being developed. Meanwhile, projects implemented with the Organization for Security and Co-operation in Europe (OSCE) involve monitoring the ecosystems of the Aral Sea's wetlands to assess the impacts of climate change and develop adaptation measures.
Adapting to climate change in the Aral Sea region is not merely about addressing environmental problems; it is a fundamental condition for achieving sustainable development.
The ongoing systemic reforms show that through a scientific approach, modern technologies, and institutional cooperation, sustainable solutions can be achieved even amid the most complex environmental crises.
The primary task now is to prioritize climate change adaptation in every sector and integrate it into our way of life.
This is because adapting to climate change is not just a present-day task, but a strategic responsibility to future generations.
Birodarjon Burkhonjonov,
Head of the Agency of the International Fund for Saving the Aral Sea.
Uzbekistan and Kyrgyzstan: A New Stage and Future Prospects for Environmental Cooperation
📅 28.07.2026
Climate change, diminishing water resources, biodiversity loss and transboundary environmental challenges in Central Asia require closer cooperation among the countries of the region. In this context, environmental cooperation between Uzbekistan and Kyrgyzstan has developed steadily in recent years and is entering a qualitatively new stage.
The legal foundation for bilateral environmental cooperation was established by the Intergovernmental Agreement on Cooperation in the Field of Environmental Protection and the Rational Use of Natural Resources, signed on 24 December 1996. Building on this framework, the relevant ministries and agencies of both countries have maintained regular dialogue. Specialists from Uzbekistan and Kyrgyzstan actively participate in environmental forums, international conferences, scientific seminars, and training programmes, exchanging knowledge and best practices on current environmental issues.
It is noteworthy that cooperation between the two countries intensified significantly during the period 2022–2025. In 2022, representatives of Uzbekistan participated in the Seventh Steering Committee Meeting of the Global Snow Leopard and Ecosystem Protection Program (GSLEP), held in Bishkek. In 2023, a regional seminar on combating illegal wildlife trade became an important platform for enhancing the professional capacity of specialists from both countries. In 2024, cooperation continued through a training seminar dedicated to the preparation of Biennial Transparency Reports under the United Nations Framework Convention on Climate Change (UNFCCC).
On 19 July 2024, a Memorandum on the Allocation of Grant-Based Study Places at Green University was signed with the Ministry of Natural Resources, Ecology and Technical Supervision of the Kyrgyz Republic. The memorandum contributes to the development of a new model for training highly qualified environmental professionals. In addition, in December 2024, Green University, in cooperation with the Embassy of the Kyrgyz Republic, organized an event marking the International Mountain Day, representing an important step toward strengthening environmental diplomacy and scientific cooperation.
Environmental challenges do not recognize national borders. For this reason, Uzbekistan and Kyrgyzstan actively cooperate through a number of regional and international initiatives. In 2019, Kazakhstan, Kyrgyzstan, and Uzbekistan signed a Memorandum on the Management of the UNESCO Transboundary World Natural Heritage Site "Western Tien-Shan." This document became an important mechanism for preserving the region's unique mountain ecosystems. In 2021, the parties also signed a Memorandum of Understanding on the Conservation of the Snow Leopard, Its Prey Species, and Their Habitats in the Western Tien-Shan and Pamir-Alai Mountains.
In addition, the two countries cooperate actively within the frameworks of the Commonwealth of Independent States (CIS), the Shanghai Cooperation Organisation (SCO), the International Fund for Saving the Aral Sea (IFAS), GSLEP and other international platforms. In 2023, the Central Asian countries prepared a joint climate statement during COP28. In 2024, ministers responsible for environmental affairs from across the region participated in the opening ceremony of Green University. In 2025, the delegation of Uzbekistan actively participated in the Ninth Steering Committee Meeting of GSLEP, held in Cholpon-Ata.
Uzbekistan and Kyrgyzstan are also implementing joint projects with a number of leading international organizations. These include cooperation with Fauna & Flora International (FFI) to combat illegal wildlife trade, participation in the Green Central Asia programme implemented by GIZ, initiatives on climate risk management and integrated land resources management, as well as projects of the International Union for Conservation of Nature (IUCN) aimed at strengthening landscape resilience to zoonotic diseases. These initiatives contribute to improving environmental governance across the region, enhancing scientific capacity, and promoting the adoption of modern environmental technologies.
Today, the two countries face a number of new priorities for cooperation.
First, involving the Kyrgyz Republic in the activities of the existing Uzbekistan–Kazakhstan Joint Working Group on Water Quality in the Syr Darya Basin and Environmental Protection would contribute to more effective management of transboundary water resources.
Second, strengthening dialogue on the joint management of protected natural areas within the Western Tien-Shan would help conserve biodiversity, protect wildlife migration corridors and expand scientific cooperation and information exchange.
Third, promoting the development of a Regional Environmental Performance Review for the countries of Central Asia, with the support of the United Nations Economic Commission for Europe (UNECE), would establish a unified regional mechanism for assessing the effectiveness of environmental policies. Equally important is the expansion of joint scientific research on ecology, water resources, glacier monitoring, high-mountain snow cover, and biodiversity, with particular emphasis on strengthening transboundary environmental security.
Today, environmental cooperation between Uzbekistan and Kyrgyzstan is evolving into a strategic partnership. Joint initiatives in the areas of climate action, water security, biodiversity conservation, the green economy, and scientific innovation are of great importance not only for the two countries but also for strengthening the environmental sustainability of Central Asia as a whole.
There is every reason to believe that further expansion of scientific cooperation, stronger transboundary environmental monitoring, broader international partnerships, and the continued development of environmental diplomacy will elevate the strategic partnership between the Republic of Uzbekistan and the Kyrgyz Republic to a new level, contributing to sustainable development across the region.
Uzbekistan and the EAEU: deepening practical cooperation amid global economic changes
📅 29.05.2026
At the end of May, President of Uzbekistan Shavkat Mirziyoyev will take part in the upcoming summit of the Eurasian Economic Union (EAEU) in Astana.
In recent years, the participation of the President of Uzbekistan, Shavkat Mirziyoyev, in events of the Eurasian Economic Union has become an important element of the country’s foreign economic strategy, aimed at expanding practical cooperation, strengthening trade and economic ties, and developing sustainable mechanisms of regional interaction. Against the backdrop of global economic transformation, increasingly complex logistics routes, and growing competition for investment resources, the Eurasian direction is gaining particular importance for Uzbekistan.
As noted by the President of Uzbekistan during a meeting of the Supreme Eurasian Economic Council in 2025, “in the context of growing fragmentation of global markets, the increasing complexity of supply chains, and shifts in the allocation of investment resources, the deepening of pragmatic and mutually beneficial cooperation with the countries of the Eurasian Economic Union is of fundamental importance for us”. This position reflects Uzbekistan’s commitment to building sustainable and long-term economic ties across the Eurasian space.
The Eurasian Economic Union is one of the largest integration associations in the post-Soviet region, established on the basis of the Customs Union and the Common Economic Space. The Union began functioning on 1 January 2015, following the entry into force of the Treaty on the EAEU, signed by Belarus, Kazakhstan, and Russia, later joined by Armenia and Kyrgyzstan.
The modern stage of interaction between Uzbekistan and the Eurasian Economic Union dates back to 2019, when the Republic began a comprehensive review of expanding cooperation with the bloc. On 11 December 2020, Uzbekistan officially obtained observer status in the EAEU, enabling the country to participate in the meetings of the Union’s bodies, establish a structured dialogue with the Eurasian Economic Commission, and study the practical mechanisms of the integration association’s functioning.
Since then, cooperation between Uzbekistan and the EAEU has taken on a stable, systematic, and practice-oriented character. An interagency working group on cooperation with the Union was established, a mechanism of regular consultations with the Eurasian Economic Commission was put in place, and a Memorandum of Cooperation between the government of Uzbekistan and the EEC was signed. Subsequently, the parties moved on to the implementation of joint three-year cooperation plans covering trade, industry, transport, the financial sector, and digital technologies.
Uzbekistan’s participation in EAEU high-level events has also intensified. Since 2021, the President of Uzbekistan has regularly participated in meetings of the Supreme Eurasian Economic Council, while government representatives have taken part in the work of the Eurasian Intergovernmental Council. This demonstrates the progressive development of cooperation and the growing interest of both sides in expanding practical engagement.
In recent years, cooperation between Uzbekistan and the member states of the Eurasian Economic Union (EAEU) has demonstrated steady positive dynamics. The Eurasian space remains one of the most important directions of the Republic’s foreign trade. By the end of 2025, Uzbekistan’s trade turnover with EAEU countries exceeded USD 20 billion, while the share of the Union’s member states in the country’s total foreign trade reached almost one quarter of overall external trade turnover.
Uzbekistan is also participating in a number of sectoral initiatives and projects within the EAEU framework. These include the development of e-commerce, the digitalization of rail freight transportation, the implementation of the “Eurasian Agroexpress” project, and cooperation on the climate agenda. These areas contribute to reducing logistics costs, simplifying cross-border trade, and enhancing the connectivity of transport corridors across the Eurasian space.
At the current stage, cooperation between Uzbekistan and the Eurasian Economic Union is gradually moving to a qualitatively new level, encompassing not only trade and economic relations, but also digital transformation, technological cooperation, and the development of joint infrastructure. One of the key priorities is the removal of existing barriers and the creation of more efficient mechanisms for economic interaction.
An important component of the current stage of engagement is the development of digital integration. Uzbekistan is interested in the harmonization of digital platforms, the expansion of electronic commerce, and the introduction of modern data exchange mechanisms. Such an approach corresponds both to the goals of improving the efficiency of foreign trade and to the broader objective of building a modern and interconnected economic infrastructure across the Eurasian space.
Within a relatively short period of interaction in the status of an observer state, the parties have succeeded in establishing stable mechanisms of dialogue, expanding trade and economic ties, and moving toward the implementation of concrete sectoral and infrastructure projects.
For Uzbekistan, the Eurasian direction remains an important element of its strategy for economic modernization, industrial cooperation, and the strengthening of transport and logistics connectivity. At the same time, the Republic continues to adhere to a model of flexible and pragmatic participation in integration processes, guided primarily by national economic interests and the principle of mutual benefit.
In the context of the transformation of the global economy, intensifying competition for markets, and changing global logistics routes, cooperation with the EAEU is viewed by Tashkent as one of the instruments for ensuring sustainable economic growth, expanding export opportunities, and enhancing the competitiveness of the national economy. For this reason, Uzbekistan intends to further strengthen practical cooperation with the member states of the Eurasian Economic Union, develop new areas of collaboration, and maintain a constructive dialogue on key issues of regional development.
Dunyo IA
Reforms and Active Dialogue in Entrepreneurship: The President's 6th Open Dialogue as a Catalyst for New Economic Growth
📅 06.08.2026
The current and future development of Uzbekistan's economy is directly determined by the freedom of the private sector, equal and favorable opportunities created for businesses, and robust legal protections. The Open Dialogue between the Head of State and entrepreneurs, which has become a solid tradition in our country, is not merely another routine event. Instead, it serves as the primary mechanism of a direct, pragmatic, and highly effective strategic alliance between business and government. This direct platform enhances the country's investment attractiveness while playing a crucial role in supporting national businesses and unlocking new opportunities.
Practical Results and Benefits
Direct, face-to-face interaction with the President has emerged as the most powerful driver for fundamentally improving the country's business climate. The systemic decisions made and incentives granted within this platform have delivered tangible, practical benefits to business entities rather than remaining on paper. Below are select outcomes demonstrating the impact of these strategic initiatives:
Transformation of the Financial and Credit System
The government optimized the direct financing procedures for large state-owned enterprises, shifting the focus toward directing banking resources to private sector projects. The Business Development Bank, microfinance institutions and banks, factoring services, venture capital funds, and industrial support funds were established. A state guarantee system for entrepreneurs' bank deposits was also introduced.
Land, Property, and Infrastructure Reform
Land parcels and real estate were transformed into full-fledged economic assets. Taxes on land acquired through auctions were adjusted, payment installment periods were extended, and incorporating land into charter capital was permitted. Changing the intended use of land was simplified via a unified classifier. Energy limits were regulated, and private capital was attracted to the development of mineral deposits and subsoil resources.
Foreign Trade, Logistics, and Exports
The economy pivoted toward WTO accession and integration into global supply chains. Monopoly and exclusive rights in foundational sectors such as metallurgy, chemicals, and energy were abolished. Subsidies for pre-export financing, logistics, and international certification were expanded. The "E-logistika" platform was launched to ensure transparent distribution of transport permits, and the VAT refund mechanism for export operations was simplified.
IT, Services, and Innovation
The state implemented joint-equity co-financing models and patent fee reimbursement mechanisms to boost IT sector development, artificial intelligence, and startups. A VAT cashback mechanism and corporate income tax reductions were introduced for the catering, tourism, and hospitality sectors. Certification and consulting services in construction and tourism were transitioned to the private sector.
Liberalization of Tax and Oversight Systems
Tax administration was enhanced: the VAT "tax-gap" coefficient was abolished, and a transparent rating system for compliant businesses was introduced. A moratorium was declared on the application of new penalties. Commercial banks were prohibited from forcing collateral into unauthorized liquidation and unlawfully suspending business activities.
Legal Protection and Local Manufacturing
The authority of state bodies to confiscate property without a court order or cancel land allocation decisions was restricted. The statute of limitations for tax disputes was reduced to three years. To support domestic manufacturers, a "local content" requirement in public procurement and a system of long-term guaranteed orders were established.
Representatives of the business community feel the real impact of the platform in their daily operations.
Shavkat Kholboev, head of the "AslCab" enterprise, states: "Based on proposals submitted during last year's Open Dialogue, an automated electronic VAT refund system for exports was launched. Consequently, our enterprise recovered approximately 10 to 12 billion UZS in working capital within a short period, channeling these funds into purchasing raw materials and expanding our export footprint."
Firat Deniz, a foreign investor and owner of a major textile enterprise, emphasizes: "The Open Dialogue with the President is one of the most effective platforms globally for directly hearing and protecting investor interests. My proposal to create additional opportunities for enterprises exporting over $50 million annually was immediately supported and implemented."
Preparations for the 6th Open Dialogue: Numbers and Analysis
In preparation for the upcoming 6th Open Dialogue, a Republican Headquarters comprising representatives from over 50 ministries and agencies was established on May 15, operating around the clock (24/7). Nearly 6,000 inquiries have been received via call centers and official bots. As part of the processing efforts, over 4,200 inquiries were resolved positively, while approximately 1,800 remain under review.
By topic, the inquiries include: over 940 regarding strengthening legal protections for entrepreneurs, over 910 on banking issues, over 750 on production space allocation, nearly 680 on simplifying business regulations, over 660 on infrastructure provision, nearly 530 on tax system improvements, and over 480 on financial support for business. Regionally, the highest volume of inquiries originated from Kashkadarya region, Tashkent city, Samarkand region, and Fergana region.
Additionally, responsible organizations conducted over 750 meetings attended by more than 8,800 entrepreneurs, raising over 3,500 proposals and issues. Furthermore, over 130 meetings organized by the Business Ombudsman and the Chamber of Commerce and Industry brought together more than 5,700 entrepreneurs who raised nearly 1,500 issues. Expert groups are analyzing 300 systemic problems identified during these sessions, the majority of which cover: simplifying business regulation (nearly 70), improving the tax system (60), and foreign economic activity and investment (over 50). Proposals are being developed in collaboration with relevant ministries and agencies to address these issues fundamentally and improve current legislation.
Abdumannop Buriev, Business Ombudsman under the President of the Republic of Uzbekistan for the Protection of Rights and Lawful Interests of Entrepreneurs, highlighted priority areas in the sector: "We focus primary attention on building a preventive system that averts issues before they arise and protects entrepreneurs' rights early on. Through extensive digitization and the integration of electronic resources into a unified network, potential risks are eliminated in advance. The live dialogues held ahead of the main event create a solid foundation for modern tools that protect business from both legal and digital standpoints."
Davron Vakhabov, Chairman of the Chamber of Commerce and Industry of Uzbekistan, emphasized the positive momentum: "Today, the private sector has become the primary driving force of our national economy. Regular open dialogues and the systemic decisions arising from them offer invaluable opportunities for entrepreneurs to expand their operational scale, increase export capacity, and strengthen competitiveness in international markets."
Preparations for the President's upcoming Open Dialogue are entering their final stage. Every submitted proposal and inquiry serves to further improve the business environment in our country. We invite all entrepreneurs and investors to actively participate in shaping the agenda for the upcoming high-level dialogue. Inquiries and proposals are accepted 24/7 via phone numbers 1100 and 1094, web platforms business.gov.uz and my.chamber.uz/ochiq_muloqot/oz, as well as Telegram communication channels @biznesombudsmanrasmiy_bot and @ochiqmuloqot2026_bot.
Uzbekistan embraces the language of international law and becomes part of the global financial system
📅 17.07.2026
The President of Uzbekistan signed the Constitutional Law “On the Tashkent International Financial Center”.
In the legal hierarchy of the state, a Constitutional Law ranks immediately after the Constitution. This means that no agency, no instruction and no by-law may contradict its provisions. For an investor, especially an international one, this is the highest form of legal guarantee: capital flows to where it cannot be taken away tomorrow.
The signing of the Constitutional Law was accompanied by amendments to the Basic Law and dozens of legislative acts — the Criminal, Civil, Tax and Customs Codes, as well as laws on banks, securities, investment, auditing and many others.
Article 15 of the Constitution has been supplemented with a provision stating that a special legal regime may be established in special zones within the country's unified legal space. This legitimizes the existence of the TIFC as a jurisdiction with different rules within Uzbekistan, without contradicting the Basic Law.
Article 131 of the Constitution has been supplemented with a provision allowing for the establishment of specialized courts in zones with a special legal regime, which forms the constitutional basis for the Tashkent International Commercial Court.
The Tashkent International Financial Center is being established as an independent entity with clearly defined boundaries that cannot be arbitrarily reduced once it becomes operational.
The legal system of the TIFC is based on English law and the principles of equity of England and Wales. This is the very system under which the world’s largest financial centers operate. It is familiar and well understood by global banks, investment funds and multinational corporations. In other words, it is the language of international capital.
All decisions taken by the center's bodies are published in the official register in English, which is an important signal for foreign participants. The translation barrier, which often becomes a source of dispute, is eliminated here from the outset.
Particular attention should be paid to the establishment, within the TIFC, of the Tashkent International Commercial Court, which will become an institution of trust. The court enjoys full independence, and no agency or state body has the right to instruct it or interfere in its activities. Judges may be citizens of any state — specialists in international trade law, finance, technology and arbitration — which opens the way to attracting judges of international standing and reputation.
It is also important that the rulings of the Tashkent International Commercial Court are binding throughout the territory of Uzbekistan and cannot be reviewed by the country’s ordinary state courts, except in strictly defined cases. The court consists of a court of first instance and a court of appeal.
The law establishes a clear and exhaustive list of protective mechanisms for TIFC participants. First and foremost is the prohibition on confiscation, nationalization, expropriation and the freezing of assets other than by court order and strictly in accordance with the law.
Participants of the Tashkent International Financial Center are guaranteed freedom of capital movement and the right to conduct transactions in foreign currency and digital assets within the limits established by the Financial Services Authority together with the Central Bank of Uzbekistan. The right to freely repatriate capital is also provided for — that is, the ability to transfer profits abroad without administrative obstacles.
A separate set of provisions sets out the tax and customs regime. The TIFC's bodies and the structures under their control are exempt from corporate income tax and the social tax. This benefit is fixed until 1 January 2076 — that is, for 50 years. This is not a tactical incentive but a strategic guarantee designed to span a change of generations.
The list of services that participants may provide within the center covers the entire spectrum of the modern financial industry. These include banking and insurance activities, management of investment and pension funds, trust structures, leasing, crowdfunding, Islamic finance, work with digital assets, market-making, and transactions with securities of all classes — shares, bonds, sukuk and derivatives.
In addition to the financial sector, activity is permitted in auditing, consulting, legal and accounting services, corporate governance, and financial-technology (fintech) startups. Provision is also made for the establishment of holding companies, special-purpose vehicles and treasury companies.
The law also establishes a special visa regime for foreign nationals working at the Tashkent International Financial Center. An entry visa valid for up to five years can be obtained directly at Tashkent International Airport. Foreign specialists may be hired without obtaining work permits in Uzbekistan, which significantly simplifies the recruitment of global talent.
The Tashkent International Financial Center is governed through four bodies: the TIFC Council, the Administration, the Financial Services Authority, and the Tashkent International Commercial Court. Each operates within strictly defined powers and has no right to interfere in the sphere of competence of another.
The composition of the Council is approved by the President of Uzbekistan. At least one-third of the Council's members must be independent specialists in international finance and law who have never held positions within the government system of Uzbekistan. This serves as a safeguard against the governing body turning into just another administrative structure.
Council members (other than the chairperson) are appointed for a term of five years and may be removed early only on grounds provided for by law. The stability of the governing body's composition is another form of predictability for market participants.
Thus, the creation of the Tashkent International Financial Center is not merely another economic development project. It is a declaration of intent, enshrined at the highest legal level. Uzbekistan wants — and is ready — to become part of the global financial system as a fully-fledged platform operating under clear, internationally recognized standards.
Half a century of tax incentives, English law, an independent international court, constitutional guarantees for the protection of capital, and simplified visa procedures — each of these elements is, on its own, a competitive advantage. Together, they form a system capable of attracting long-term, institutional, smart capital.
Dildora Kamalova
Member of the Legislative Chamber of the Oliy Majlis of Uzbekistan
(Dunyo IA)
Uzbekistan’s Rapid Economic Growth Momentum
📅 10.05.2026
The first quarter proved highly favorable for Uzbekistan’s economy. Economic growth reached 8.7%, inflation fell to its lowest level in recent years, investment hit a record high, and exports continued to expand steadily.
Economic Growth Dynamics
The pace of economic growth achieved by Uzbekistan in the first quarter exceeded the expectations of international institutions. The Asian Development Bank had projected 6.7% growth for the first quarter. The World Bank initially forecast 6.0%, but revised it upward to 6.4% in April. The IMF also raised its forecast in April from 6.2% to 6.8%.
In practice, Uzbekistan’s economy grew by 8.7%. GDP in current prices amounted to $36.9 bn. The forecast closest to the actual result came from the Center for Economic Research and Reforms (Uzbekistan), which projected first-quarter growth of up to 7% at the beginning of the year.
The strongest growth was recorded in construction, where gross value added increased by 15.0%. The services sector expanded by 8.8%, retaining its position as the largest segment of the economy. Industry grew by 8.0%, while agriculture increased by 5.1%.
Significant gains were also seen in oil refining, up 29.5%. In light industry, apparel and textile production rose by 15.3%, while knitwear output increased by 26.9%. In automotive manufacturing, production expanded by 12.5%, including buses by 64.7% and trucks by 46.6%. Within services, the highest growth rates were recorded in education, up 22.5%, and financial services, up 22.4%.
An important contribution to overall growth also came from measures aimed at reducing the shadow economy. Its share declined from 24.8% to 22.9%, while legalized business activity supported higher recorded growth figures.
Another major factor behind accelerated growth has been the country’s active market reforms, which were recognized this year in the Index of Economic Freedom, where Uzbekistan rose by 14 positions and entered the category of moderately free economies for the first time.
Overcoming Inflationary Challenges
External pressures continue to affect domestic price formation. Global oil prices have risen by 40% since the beginning of the year. Geopolitical tensions have disrupted logistics corridors, increasing transportation costs for trade flows by 25–30%. As a result of these disruptions, imports of cattle into Uzbekistan fell by half in the first quarter, creating risks for food security.
To stabilize food prices, the government introduced partial reimbursement of air freight costs for imports of breeding livestock and meat products. It also approved the import of 100,000 breeding sheep and goats from Mongolia with compensation of 50% of transport costs.
Since the beginning of the year, Uzbekistan has actively implemented a new system of inflation management and price stability. For all responsible officials and regional governors, the key task for 2026 has been defined as maintaining stable prices for essential food products and keeping annual inflation below 6.5%.
As a result of these measures, despite external pressures, the inflation environment improved significantly in the first quarter. Consumer prices rose by 1.93% in January–March. In March alone, monthly inflation stood at 0.6%, while annual inflation fell to 7.1% for the first time, compared with 10.34% a year earlier.
Budget Policy and Regional Development
Thanks to such dynamic economic growth, Uzbekistan’s State Budget revenues also increased steadily in the first quarter, rising by 35% year-on-year. Tax revenues grew by 24%, while customs revenues increased by 20% compared with the same period last year.
Funds retained by local budgets rose by 21%. In addition, land sales and privatization processes generated an extra $47.1 mn for local budgets. At the same time, $90.6 mn were transferred from the republican budget to local budgets to support the regions. As a result, district-level local budgets retained $115.3 mn, nearly 4.2 times more than the $28.5 mn recorded in the same period last year.
This demonstrates the continued and consistent policy course toward expanding the financial autonomy of the regions, helping unlock local potential and support dynamic regional development.
Investment Outlook
Investment activity in Uzbekistan reached a record level in the first quarter. Capital investment and development projects totaled $12.85 bn, up 41.5%. Foreign direct investment increased by 45.7% to $8.84 bn. During the quarter, 1,508 new projects worth $1.185 bn were launched, creating around 28,000 new jobs.
In the first quarter, investment volumes exceeded $50 mn in 50 cities and districts, while in 21 of them the figure surpassed $100 mn, indicating broader regional investment activity. By source of foreign investment, China ranked first with $6.4 bn, followed by Russia with $1.1 bn, Türkiye with $975 mn, the UAE with $824 mn, and Germany with $342 mn.
Overall, in 2026 Uzbekistan plans to implement 125 projects with the participation of international financial institutions and foreign state financial organizations, attracting $5.1 bn. In the first quarter alone, $947 mn in foreign loans had already been mobilized from these sources, exceeding forecast targets by 120%. These projects have already delivered tangible results in infrastructure development and improved living standards.
The next important step in attracting investment may be the listing of state assets on international markets. Speaking at the meeting, the President announced that 30% of state assets worth $2.4 bn would soon be placed on international stock exchanges for the first time. This is linked to the establishment of the National Investment Fund and the transfer of management of 13 strategic enterprises to Franklin Templeton.
The country’s overall target for this year is to attract $53 bn in foreign investment. Officials were also instructed to introduce an AI-based platform that would provide optimal project recommendations for specific regions. Investors and consulting companies will be granted access to the platform through a one-stop-shop mechanism.
Growing Export Potential
Total exports of goods and services maintained strong growth momentum in the first quarter, reaching $5.8 bn, up 26% year-on-year, or by $1.2 bn. Export growth was recorded in 147 districts and cities across the country. As a result, the total number of exporting enterprises reached 4,000.
In particular, exports of natural uranium amounted to $402.6 mn, up 95%. Exports of non-ferrous metals reached $248.7 mn, doubling year-on-year. Oil and gas exports totaled $160 mn, up 15%.
Positive dynamics were also observed in manufacturing. Textile exports reached $731 mn, up 18%. Exports of construction materials totaled $304 mn, rising by 75%. Jewelry exports reached $214 mn, up 54%.
Agricultural and food exports also posted solid growth. Fruit and vegetable exports reached $320 mn, up 12%. Food exports totaled $282 mn, surging by 120%. Strong momentum was also seen in services, where exports reached $2.2 bn, up 35% year-on-year, or by $573 mn.
The geography of exports continues to expand. In January–March, previously non-exported goods worth $162 mn across more than 140 product categories were supplied for the first time to 86 countries, including the United States, Austria, Belarus, Poland, South Korea, Iran, Kazakhstan, and Afghanistan.
Despite these achievements, external market challenges continue to affect exporters. The President noted that over the past six months, due to changing conditions among foreign partners, 908 entrepreneurs with signed contracts worth $3.6 bn had still been unable to begin exports.
Support for Entrepreneurship
Active support for small and medium-sized businesses continued in the first quarter. This year, $11.5 bn is being allocated through banks for this purpose. In the first quarter, entrepreneurs received $2.9 bn in credit resources, including $659 mn under state support programs. A total of 21,000 microprojects were implemented, helping raise incomes for 52,000 residents.
At the same time, certain shortcomings remain. Not all districts and cities are equally effective in converting loans into permanent jobs, and the differences are considerable. To address this issue, the President emphasized the need to use AI tools in credit allocation and instructed banks to launch an “AI Consultant” platform.
The meeting also discussed optimization of government administrations and the creation of new business spaces. Since many central and busy streets in district centers are occupied by state institutions, 19 districts and cities have already begun relocating government offices into unified administrative centers, with vacated premises transferred to businesses. Scaling up these measures nationwide would free up 5 mn m2 of space for business activity.
Social Policy
A strong social policy and active measures to reduce poverty and promote employment continued in the first quarter.
Permanent jobs were provided to 167,000 people, while 737,000 citizens received assistance in creating additional income sources and improving their living standards. An important contribution came from formalizing 241,000 previously informal workers, giving them access to social protection, financial services, and stable employment.
Special attention in social policy is being given to low-income families. A total of 105,000 support services were delivered to 86,000 vulnerable families, including employment assistance, training, business start-up support, and income generation. Under women’s support programs, 26,000 women were employed, while youth support programs benefited 58,000 young citizens.
To accelerate development in territories facing difficult socio-economic conditions, $297 mn were allocated from the republican budget. Additional support of $329 mn was also directed to areas granted the status of “New Image of Uzbekistan.”
These policies continue to contribute to lower poverty and higher living standards. Poverty fell to 5.0% in the first quarter, while unemployment stood at 4.7%. According to forecasts, both indicators may decline further to 4.3% by mid-year.
Significant attention is also being paid to social infrastructure and improving living conditions with the active participation of international financial institutions. In the first quarter, 89 km of drinking water networks, 8.2 km of sewerage networks, and 40 km of roads were built.
These measures are creating a sustainable foundation for further poverty reduction, stronger employment, higher welfare, and better living conditions across all regions of Uzbekistan.
Perspectives
It is useful to compare Uzbekistan’s first-quarter growth performance with the global economy and other countries.
In its April forecast, the IMF lowered projected global growth from 3.3% in January to 3.1% in April. Growth in advanced economies is expected at 1.5–1.6%, while developing economies are projected at above 4%. US growth is forecast at 2.0–2.1%, while Europe is expected to remain the weakest region, with UK growth revised downward to 0.8%.
The IMF identified India as the fastest-growing major economy, with projected growth of 7.3%. Yet Uzbekistan’s first-quarter growth exceeded even that figure, reaching 8.7%. This reflects the soundness and effectiveness of ongoing reforms, as well as strong and responsive economic management, where emerging challenges are addressed without delay.
Uzbekistan is expected to maintain high growth momentum in 2026. Real GDP growth is projected in the range of 8.3–8.7%, with services rising by 9.1%, industry by 8.7%, and construction by 11.5%.
At the same time, despite these positive results, the President noted that there is no room for complacency. Against the backdrop of intensifying global rivalry, the world economy will no longer be as stable as before. This requires special focus in the current year on sustaining growth, containing inflation, creating jobs, expanding exports, and improving the quality of investment.
Khurshed Asadov, Deputy Director of the Center for Economic Research and Reforms under the Administration of the President of the Republic of Uzbekistan
Хуршед Асадов, ЦЭИР
Samarkand Forum of the Asian Development Bank
In the Context of Contemporary Challenges and Historical Significance
In early May, Samarkand hosted the 59th Annual Meeting of the Board of Governors of the Asian Development Bank under the theme “Crossroads of Progress: Advancing the Region’s Connected Future.” The President of the Republic of Uzbekistan, Shavkat Mirziyoyev, outlined key priorities for further cooperation with the ADB.
The forum brought together more than 4,000 experts from over 100 countries, including representatives of foreign governments, international financial institutions, leading banks, and major corporations. The central topics of discussion included digital and green transformation, climate resilience, supply chain development, and food security.
Uzbekistan and the Asian Development Bank: Effective Partnership
Uzbekistan joined the ADB in 1995. Over the past 30 years, the Bank has become a reliable strategic partner for the country. The current portfolio of joint projects has reached nearly $16 billion. Uzbekistan has become the Bank’s largest partner in the region by operational volume and ranks among the top 10 countries globally in terms of ADB operations.
In August 2024, the ADB launched a new Country Partnership Strategy for Uzbekistan for 2024–2028. This five-year strategy focuses on supporting the transition to a green economy, enhancing private sector development and competitiveness, and stimulating investment in human capital, in line with the national development priorities outlined in the “Uzbekistan–2030” strategy.
ADB financing across sectors is distributed as follows: transport – $3.1 billion; energy – $2.9 billion; water supply, sanitation, and urban services – $1.4 billion; agriculture and water resources – $0.9 billion.
Through effective cooperation with the ADB, more than 1,400 km of railway lines and 1,700 km of roads have been modernized. Over 4,000 km of water supply networks have been completed, and around 750 educational institutions have been upgraded. In 2025, a record annual commitment volume exceeding $1.4 billion was achieved.
New Cooperation Program with Uzbekistan
During the Samarkand forum, a new partnership program between Uzbekistan and the ADB through 2030 was adopted. It envisages the implementation of projects totaling $12.5 billion, including infrastructure development, support for reforms, private sector growth, and public-private partnerships.
Key components include: infrastructure financing – $2.6 billion; results-based lending – $2.2 billion; budget support for reforms – $3.3 billion; multitranche financing facilities – $350 million; partial credit guarantees – $250 million; direct private sector financing – $2 billion; PPP projects – $1.7 billion.
Priority Areas Outlined by the President
In his address, the President of Uzbekistan emphasized the need to introduce new mechanisms and approaches for sustainable development amid global economic challenges and rapid technological change.
First, digital technologies and artificial intelligence are transforming virtually all sectors. By 2040, AI is expected to increase global trade volumes by an additional 40%. The adoption of open AI models is therefore essential in key sectors such as education, healthcare, water management, environmental protection, and food security. Uzbekistan proposed developing a dedicated ADB-led program to scale AI adoption in developing countries and announced its accession to the Bank’s “Digital Highway for Asia” initiative, including the establishment of a regional coordination center in Tashkent.
Second, the expansion of digital technologies and AI is driving a sharp increase in energy demand. By 2030, electricity consumption by data centers is projected to rise by 2–3 times compared to current levels. Only countries capable of providing affordable and reliable green energy will remain competitive globally. Uzbekistan identified green energy development as a strategic priority and acknowledged ADB support for the “Central Asia–Europe” green energy corridor aimed at expanding clean energy exports.
Third, ensuring the connectivity of transport systems and the stability of logistics corridors is becoming increasingly critical. Changes in global logistics routes have already led to transport cost increases of up to 30% for Central Asian countries, with delivery times extended by several weeks. In this context, the China–Kyrgyzstan–Uzbekistan railway project is of particular importance. Uzbekistan proposed establishing a “Digital Customs and Logistics Alliance” within the CAREC framework.
Fourth, according to international experts, demand for critical minerals will increase sixfold by 2040. Uzbekistan possesses significant reserves of copper, tungsten, molybdenum, magnesium, graphite, vanadium, titanium, and other resources. To ensure deep processing and production of high value-added goods, Uzbekistan proposed joining the ADB’s “From Critical Minerals to Production” program.
Fifth, climate change and desertification pose serious challenges to Central Asia. The ADB is implementing its Climate Action Plan through 2030, allocating at least 50% of its annual financing to climate-related projects. Uzbekistan proposed launching a regional “Green Belt of Central Asia” initiative to complement national afforestation efforts in the Aral Sea region.
Sixth, amid global instability, demand for safe travel destinations is growing. Central Asia has strong potential in pilgrimage, cultural, gastronomic, ethnographic, extreme, and medical tourism. Uzbekistan proposed creating a “Central Asia Tourist Ring” to integrate regional tourism offerings.
To advance these initiatives, Uzbekistan aims to fully utilize ADB financial instruments, including mobilizing private capital, and proposed establishing an Innovative Platform for Financing Regional Projects.
Transformation of ADB Operations
The implementation of these initiatives requires a transformation of the ADB’s institutional model. In response to global economic shifts, rapid technological change, and increasing interdependence, the Bank is shifting its focus toward sustainability, regional integration, and future-oriented infrastructure.
A key direction is the expansion of investments in next-generation infrastructure, including cross-border energy networks, electricity trade, and digital infrastructure such as internet connectivity and data transmission networks.
Another major shift is the transition from financing predominantly national projects to prioritizing regional systems. This includes integrating energy systems, developing regional electricity markets, and advancing digital integration across Asia.
These priorities are reflected in two major initiatives announced at the Samarkand forum, totaling $70 billion through 2035, aimed at energy system integration, cross-border electricity trade, digital corridors, data centers, and broadband expansion across Asia and the Pacific.
A significant announcement was also the launch of the “Critical Minerals-to-Manufacturing Financing Partnership Facility,” covering the full value chain from exploration and resource mapping to the production of final goods, including chemicals, batteries, renewable energy components, electronics, as well as recycling and reuse.
For Uzbekistan, this approach is particularly relevant, as the country is already developing value chains based on its mineral resources. The ADB program is expected to accelerate this process significantly.
Overall, the transformation of the ADB reflects a shift toward supporting systemic resilience and regional markets. This includes three key transitions: from individual projects to integrated economic systems; from national to regional focus; and from development support to long-term economic sustainability.
As a result, the ADB is evolving from a project financing institution into a coordinating platform for regional economic connectivity, strengthening its role in Asia’s integration amid the formation of competing global economic blocs.
Conclusion
The 59th Annual Meeting of the ADB Board of Governors in Samarkand was of significant importance not only for Uzbekistan due to its international prestige and the adoption of a new cooperation program, but also for the entire Asia-Pacific region.
The forum marked the launch of two major initiatives and the new “From Critical Minerals to Production” program, reflecting the Bank’s updated strategy aimed at enhancing economic stability and regional consolidation in Asia.
Holding the forum in Samarkand is symbolic. Historically a crossroads of trade and culture between East and West, the city once again serves as a focal point for shaping the region’s future.
It was here that initiatives and decisions were announced that may influence the development trajectory of all Asia, reinforcing Samarkand’s role as a platform for dialogue and strategic vision.
Viktor Abaturov,
Center for Economic Research and Reforms
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Ministry of Foreign Affairs of the Republic of Uzbekistan -
Diplomatic Service of the Ministry of Foreign Affairs -
State Committee for Tourism Development -
Ministry of Investments and Foreign Trade of the Republic of Uzbekistan
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invest.gov.uz -
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