Since 2017, President Shavkat Mirziyoyev’s administration has pursued a sweeping reform agenda, liberalizing the economy while strengthening social welfare. These reforms are enshrined in new policies and the 2023 Constitution, which explicitly defines Uzbekistan as a “social state” responsible for ensuring employment and reducing poverty. The government’s national strategy (“Uzbekistan–2030”) even set a target of halving poverty by 2026. In short, Uzbekistan’s policy framework has shifted toward the combined goals of economic growth and inclusive social protection.

By 2023 the new National Agency for Social Protection (NASP) and community “Inson” service centres were delivering aid to roughly 2.3 million needy families – about a four-fold increase from 2017. Pensions and basic benefits were also raised: for instance, pension and disability payments in real terms are now about 1.5 times higher than before the reforms.

Community service is delivered through Inson centers, one-stop offices in each locality that help citizens apply for benefits and services. These “Inson” centres provide personal assistance with applications and information, reflecting a shift to integrated, client-oriented support. Relatedly, a new registry of persons requiring care has been established (by 2023 it contained ~17,800 profiles) to manage support for the disabled and elderly; each case is reviewed quarterly so that aid can be adjusted as needed. Together, these digital tools and organizational changes – one-stop “Inson” centers, a unified registry, targeted lists and case management – represent a modern social protection architecture far beyond Uzbekistan’s previous fragmented system.

International partners have closely supported and evaluated these reforms. The World Bank has played a leading role: it delivered roughly $2.1 billion through policy-based loans (2018–2021) to finance structural reforms in jobs, governance and social policy. In mid-2024 the Bank approved an additional $100 million “INSON” project to improve social care for vulnerable groups. This project will establish more than 50 community-based social service centres and expand services to some 50,000 people (including older persons, disabled, and children).

Within the framework of the “From Poverty to Prosperity” program, launched on 1 November 2024, families receive support across seven key dimensions:

• Ensuring stable employment and achieving higher income levels;
• Access to education and vocational training;
• Access to guaranteed state healthcare services;
• Access to social services;
• Improvement of housing conditions;
• Development of mahalla (community) infrastructure by the state;
• Direct engagement and dialogue with public sector representatives.

More than 600,000 families have gained access to 1.3 million social services aimed at employment and income growth. Members of these families have also benefited from over 2.2 million guaranteed healthcare services, directly contributing to their sustainable participation in the labor market.

Expanding Social Care Provision

For individuals requiring continuous care, a new model of service provision through private providers has been introduced. These services include household assistance, home- and field-based care, medical and social rehabilitation, and personal assistant support. Currently, 13,800 individuals — representing 76% of all those in need of care — receive such services from the private sector.

According to the Presidential Decree of the Republic of Uzbekistan, by 2030 the number of recipients of social services is expected to reach at least 3 million citizens annually, while the share of services provided by the non-state sector will rise to 30%. This approach fully aligns with the principles of the social and solidarity economy.

The programs implemented by the National Agency for Social Protection are characterized as accessible, effective, and oriented toward sustainable economic development.

1. Accessibility

As part of the “From Poverty to Prosperity” program, a National Registry of Poor Families has been established. The identification of households and decisions regarding their inclusion are made directly at the community (mahalla) level. As of today, 667,000 families, comprising approximately 2.8 million individuals, have been registered. This provides a comprehensive understanding of their living conditions and the opportunities for poverty reduction.

2. Effectiveness

In the first nine months of the current year, the average per capita income among registered families has nearly doubled, rising from 174,000 soums (~USD 14) to 338,000 soums (~USD 27) per month. Furthermore, 73,000 families that previously had no income now earn official wages. During the same period, 150,000 families have successfully escaped poverty, with 105,000 (70%) doing so primarily due to increased formal employment income.

3. Sustainability

To ensure targeted support, families are categorized into three groups:

• Red – households with persons with disabilities requiring care, as well as families without a breadwinner or headed by a single parent;
• Yellow – families with employable members but lacking stable income and professional skills;
• Green – families that have exited poverty but remain at risk of falling back.

This classification enables the application of differentiated measures: “red” families receive priority care and social support; “yellow” families are targeted with employment and training programs; and “green” families benefit from measures aimed at preventing a return to poverty.

Within this framework, the development of a “care economy” has emerged as a key priority. The Agency has introduced daycare services for children with disabilities and the “Step into an Active Life” program for older persons. These initiatives enable family members to participate in the labor market, thereby activating previously unpaid caregivers.

Investing in Human Capital

Particular attention is given to children from low-income families. The state subsidizes up to 90% of the costs associated with their education and development. In 2025, 125,000 children from poor households gained preferential access to preschools, demonstrating how social protection systems can make an indirect yet significant contribution to poverty reduction.

In conclusion, the programs implemented by the National Agency for Social Protection go far beyond material support. They create enabling conditions for income generation, employment, and human capital development, thereby contributing directly to the sustainable economic growth of the country.

Olima Almatova Qorabekovna, a resident of “Ezgulik” makhalla, Buka district, Tashkent region, who received support from the Agency, said:

“My spouse worked at the mining combine for forty years, but after he became ill, he could no longer continue. For his sake, I took on whatever jobs people offered me. When the doctors suggested placing stents in his heart arteries, I refused, saying: ‘Whatever help you can give, give it to my family. I’ve lived my life, I am already sixty-seven. I’ve seen so much — whatever comes, I will accept it. I don’t need stents. I only ask that you give a little help to my family.’

When support arrived under the President’s decision, I cannot express how happy I was. I said: ‘Oh God, there really is someone who came to open my door.’ They came and extended a helping hand. We planted cucumbers and tomatoes, and soon money began to come in. We have already earned income three times. So much support has reached us, and we are deeply grateful to our President. Feeding even one family is difficult, yet he is taking care of millions. For those who are struggling and in need, such help gives strength, brings joy, and inspires them to move forward. One can hardly imagine just how powerful that is.”

In conclusion, the programs implemented by the National Agency for Social Protection go far beyond material support. They create enabling conditions for income generation, employment, and human capital development, thereby contributing directly to the sustainable economic growth of the country.

A presentation of the literary and publicistic collection “Uzbekistan: Third Renaissance – Concept of the Future” was held in Islamabad, written in Urdu by renowned Pakistani journalist and author Muhammad Abbas Khan, explores Uzbekistan’s modern development vision and reform agendat.

The collection offers a comprehensive analysis of the essence, spiritual foundations, and global significance of Uzbekistan’s vision for a New Renaissance — the foundation of the country’s Third Renaissance — under the leadership of President Shavkat Mirziyoyev. The book elaborates on the concept advanced by the Head of State, tracing its historical roots and outlining its relevance for the future of human civilization. The author emphasizes that this vision draws inspiration from the legacy of Uzbekistan’s great ancestors and seeks to unite the principles of modern development, enlightenment, and humanism, serving as a bridge between the nation’s rich intellectual past and its forward-looking aspirations.

The collection also highlights the shared initiatives and common aspirations of the leaders of Uzbekistan and Pakistan to advance major transport and communication projects linking Central and South Asia. According to the author, these efforts represent the revival of the legendary Silk Road. The book not only describes the sweeping reforms and modernization taking place in Uzbekistan, but also emphasizes that the development path of the “New Uzbekistan” may serve as an inspiring model for Pakistan and the wider Eastern world.

The presentation ceremony brought together members of Pakistan’s government and parliament, representatives of the diplomatic corps accredited in Islamabad, prominent scholars, analysts, public figures, and media representatives. Attaullah Tarar, Federal Minister for Information & Broadcasting of Pakistan, attended the event as the guest of honour.

The presentation opened with the national anthems of Uzbekistan and Pakistan, followed by a video highlighting the nine years of Shavkat Mirziyoyev’s leadership as a President of Uzbekistan.

The event commenced with welcoming remarks by Alisher Tukh­taev, Ambassador of Uzbekistan to Pakistan. In his address, the Ambassador emphasized that, under the leadership of President Shavkat Mirziyoyev, Uzbekistan has entered an era of openness and creative transformation.

He noted that over the past nine years, the country has implemented comprehensive reforms across the socio-economic, political, educational, and cultural spheres. As a result, Uzbekistan’s Gross Domestic Product has doubled, reaching 115 billion US dollars; exports have risen to 26 billion dollars; and foreign investments have exceeded 130 billion dollars. Thousands of new enterprises have been established, reflecting the dynamic pace of development and modernization.

It was noted that relations between Uzbekistan and Pakistan have been elevated to the level of a strategic partnership, with the establishment of the High-Level Strategic Cooperation Council. Direct air connections now link Tashkent with Islamabad and Lahore, while collaboration in the fields of education and culture continues to expand rapidly.

Particular attention was given to the Trans-Afghan Railway Project — recognized as a strategic initiative aimed at strengthening peace, mutual trust, and economic connectivity across the region, effectively reconnecting Central and South Asia.

Ambassador Alisher Tukh­taev expressed his sincere gratitude to the author of the featured work, Muhammad Abbas Khan, and to the management of “Daily Ittehad” publishing house for their contribution to the creation and publication of the book. He emphasized that this work will make a valuable contribution to fostering friendship and solidarity between the peoples of Uzbekistan and Pakistan.

In turn, Tahir Farooq, head of “Daily Ittehad” publishing house, expressed his satisfaction with the publication of the book “Uzbekistan: Third Renaissance – Concept of the Future”.

“This book is not merely a compilation of facts about Uzbekistan”, - he noted, - but an important work that vividly reflects the ongoing processes of reform and renewal in the country. It is not a collection of speeches or a translation of another author’s work, but the result of five years of observation and analysis by Muhammad Abbas Khan. His insights carry great significance for understanding Uzbekistan’s contemporary path of development. The book also serves as an important historical document of the new era unfolding in Uzbekistan”.

In his address, Attaullah Tarar, Minister for Information and Broadcasting of Pakistan, highlighted the deep historical ties between the peoples of Uzbekistan and Pakistan, noting that the land of Uzbekistan has produced eminent figures of the Timurid dynasty, including the distinguished scholar and statesman Zahiriddin Muhammad Babur. The Minister emphasized that the region connecting Central and South Asia has always been a vital part of the Great Silk Road, and that Uzbekistan’s contemporary policy under the leadership of President Shavkat Mirziyoyev is focused on revitalizing this historic corridor of cooperation.

Concluding his speech, Minister Attaullah Tarar reaffirmed the readiness of Pakistan’s Ministry of Information and Broadcasting to extend full support in promoting the book and the “Third Renaissance” initiatives advanced by President Shavkat Mirziyoyev to the Pakistani public.

In his address, author Muhammad Abbas Khan discussed the process of writing the book, the ideas it conveys, and its principal objectives. According to the author, the work is based on his research, observations, and personal impressions, providing an objective account of Uzbekistan’s ongoing processes of renewal and development.

“I have had the opportunity to directly observe the profound transformations taking place in Uzbekistan, the reforms being implemented under the leadership of President Shavkat Mirziyoyev, and the policies aimed at fostering an open society, enhancing human dignity, and advancing education and enlightenment, along with their tangible results. Today, Uzbekistan is experiencing a period of awakening. The concept of the Third Renaissance, being realized in Uzbekistan, serves as an example of a universal experience grounded in confidence in the future, scientific and spiritual renewal, and policies for the development of human potential”, - said Muhammad Abbas Khan.

The book “Uzbekistan: Third Renaissance – Concept of the Future” is expected to serve as a unique resource for familiarizing the Pakistani public with Uzbekistan’s new historical path of development, while further strengthening the cultural and spiritual bonds between the two nations.

Today, as global climate changes are observed, the population is growing, and industrial sectors are rapidly developing, the value of water resources is increasing not only in the Central Asian region but also worldwide.

According to the data, over the past 30 years, the air temperature in our region has increased by one and a half degrees, as a result of which about a third of the centuries-old glaciers in the highlands have melted, and the volume of water in rivers and streams has decreased slightly.

If current climate trends continue, in the next twenty years, the flow of the two large rivers, Amu Darya and Syr Darya, may decrease by 15%. This would result in a 25 percent reduction in per capita water availability and agricultural crop yields.

These are not just numbers, but indicators related to the fate and well-being of the people living in the region.

According to scientists, by 2040 in some areas of Central Asia, the need for water resources will triple. Over time, economic damage could reach 11% of the region's gross domestic product. The United Nations (UN) warns that countries in the region are currently losing up to US$2 billion a year due to water scarcity and inefficient use. Therefore, if appropriate measures are not taken now, it is inevitable that the countries in our region will face dire consequences of water shortages.

Under the leadership of the President of Uzbekistan, Shavkat Mirziyoyev, special attention is being paid to the comprehensive development of the water management sector in our republic, the rational use of existing water resources, including the widespread introduction of digital and water-saving irrigation technologies, and remarkable results are being achieved in this regard.

In his speech at the 78th session of the UN General Assembly on September 19, 2023, the leader of Uzbekistan emphasized the issue of water resource shortages in Central Asia, supported the establishment of the position of the UN Secretary General's Special Representative on Water Resources, and proposed creating a platform for water-saving technologies in Central Asia. In the process of using the "United Nations-Water Resources" mechanism, he emphasized his support for attracting and implementing the most advanced technologies.

This means that Uzbekistan will take the initiative in creating a platform for water-saving technologies in Central Asia, while also seeking to involve the international community in the process.

For more than 30 years since its establishment, the International Fund for Saving the Aral has become the most important platform for regional cooperation in the fields of water management and ecology. In the face of new risks and threats arising because of global climate change, the role and importance of the fund are increasing.

On September 15, 2023, President Shavkat Mirziyoyev put forward the initiative to develop and implement new, agreed-upon decisions for the long-term perspective within the framework of this structure at the meeting of the Council of Heads of the Founding States of the International Fund for Saving the Aral held in Dushanbe. Reflecting the spirit of today, he emphasized the need to further improve the fund's legal framework and modernize its institutional mechanisms.

It should be noted that in the country’s domestic policy over the past seven years, at the initiative of the President, large-scale reforms in the water sector have been implemented. To manage state policy in the field of water management, a separate Ministry of Water Resources was created and the Concept for the development of the industry for the period until 2030 was approved.

As a logical continuation of these reforms and to solve systemic problems at the middle and upper levels of the water management system, on May 7, 2024, the President of Uzbekistan signed the decree "On Setting Priorities for the Introduction and Development of a Modern Management System in Water Resources." According to this document, the activity of the Ministry of Water Resources was divided into three parts, setting up a vertical management system. At the upper level is the management of the state water policy, the regulator; the middle level is engaged in the operation and construction of water management facilities and the introduction of business processes into the sector; and the lower-level handles supplying water directly to consumers.

In the middle stage, an agency for the exploitation of water resource facilities is being set up that operates as an independent legal entity. The agency includes the Ministry of Water Resources of the Republic of Karakalpakhstan and regional irrigation systems basin departments, main canals, water reservoirs, and pumping station utilization departments, as well as land-improvement expeditions.

The department for the implementation of water management projects participates as a customer in projects funded by the budget and foreign investments. The decree envisages a 22% increase in the salary of middle- and high-level employees working in the ministry system, starting on July 1, 2024, and a 60% increase starting in 2025. It should be mentioned that starting in January 2024, the salary of lower-level employees has been doubled, and several incentive mechanisms are being used.

As a result of the accurate calculation of available water resources, special attention is paid to the introduction of water-saving technologies, resulting in abundant and high-quality harvests from agricultural crops. Nevertheless, the prevention of water scarcity remains one of the most important directions for Uzbekistan.

Uzbekistan is a country with a large water infrastructure in the Central Asian region; the total irrigated cropland exceeds 4.3 million hectares.

As one of the five priority directions of the "Uzbekistan-2030" strategy, which defines the goals of sustainable development of the country, the task of saving water resources and environmental protection is emphasized, placing great responsibility on water management employees.

To reduce water losses in irrigation networks, the year 2024 was announced as a "breakthrough year for concreting canals" in the water industry at the initiative of the President. For this purpose, 5,000 kilometers of irrigation networks, of which 1,500 kilometers are main and inter-farm and 3,500 kilometers are internal, have been concreted this year. To date, 525 kilometers of canals have been reconstructed, of which 355 kilometers have been concreted. The length of canals concreted by clusters and farms has exceeded 13,500 kilometers.

In recent years, the areas covered by water-saving technologies in the country have reached 1.3 million hectares. Of this, drip irrigation accounts for 478,000 hectares, sprinkler irrigation for 55,000 hectares, and discrete method irrigation for 29,000 hectares. Over 700,000 hectares have been leveled using laser leveling equipment.

Work on the introduction of water-saving technologies, which started in previous years, is being continued consistently. This year alone, it is planned to introduce cost-effective technologies on 500,000 hectares of land and to fully cover all irrigated farming areas in the country with such technologies by 2030.

All possibilities and resources are being used for this. Today, the number of local enterprises producing equipment and components for water-saving technologies in Uzbekistan has reached 55, with plans to increase this number in the future.

In recent years, 11,446 "Smart Water" devices, online water level monitoring meters in 1,704 pumping units, and online monitoring of seepage water levels have been installed in 6,746 reclamation monitoring wells. To manage water resources from one point without human intervention, the management processes of 65 large water management facilities were automated.

It is planned to save 8 billion cubic meters of water in 2024 through the concreting of channels, the introduction of water-saving technologies, the digitization of the industry, the implementation of "smart" devices, and effective water management.

It should be noted that 60 percent of the irrigated cropland in the country is supplied with water through pumps. There are more than 1,600 pumping stations in the Ministry's system, and due to their modernization, installation of modern energy-saving devices, and the introduction of public-private partnerships, electricity consumption has been reduced by 1.5 billion kWh in the last seven years.

In the coming years, the total cost of the water industry will be $6.0 trillion. Agreements for 463 public-private partnership projects worth significant amounts in soums were signed. In 2023, all water management facilities in five districts and 300 pumping stations across the republic will be transferred to the private sector.

This transfer increases work efficiency, saves up to 30% on electricity at pumping stations, and reduces salary deductions by 13%.

The "Irrigators' School" was launched in cooperation with the Ministry of Water Resources, the "Tashkent Institute of Irrigation and Agricultural Mechanization Engineers," the National Research University, and "Agrobank." Highly qualified specialists from abroad are organizing one-week-long free training courses for designers, contractors, managers of farms, and cluster enterprises from all districts of the republic.

In short, life itself proves that the only solution to mitigate the water shortage in our region is to save water and use it wisely.

Press service of the Ministry of Water Resources
of the Republic of Uzbekistan

On August 14-15, 2025, the VIII Central Asian Expert Forum (CAEF) will be held in Tashkent under the title “Central Asia – a common space of trust, security and sustainable development”.

Established in 2018, the CAEF is held annually in the country chairing the Consultative Meeting of the Heads of State of Central Asia. The forum serves as an important platform for discussing the current state and prospects of regional cooperation, as well as developing recommendations for the further development of cooperation in Central Asia.

The Forum is organized by the Institute for Strategic and Regional Studies under the President of the Republic of Uzbekistan (ISRS). Event partners include the Regional Center for Preventive Diplomacy for Central Asia, the European Union Delegation to Uzbekistan and the Organization for Security and Cooperation in Europe (OSCE), and the Konrad Adenauer Foundation.

The Forum will traditionally bring together heads and specialists of strategic institutes, research centers, and academic institutions from across the region. For the first time, prominent experts from the EU, ASEAN, the Nordic Council, as well as researchers from the Russian Federation, the USA, Great Britain, Switzerland and Azerbaijan have been invited to participate in its work in order to exchange experience in regional studies.

The Forum’s program will focus on prospects for deepening regional cooperation and explore specific measures to promote multifaceted collaboration.

In addition, the Forum will feature separate events: a scientific-practical conference on shaping regional identity and a roundtable discussing prospects for partnership between Central Asia and Northern Europe.

The upcoming expert dialogue is expected to identify common interests and outline priorities for Central Asia’s future development. The resulting recommendations will enrich the agenda of the forthcoming Consultative Meeting of the Heads of State of Central Asia, scheduled to take place this year in Uzbekistan.

At the invitation of the of President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan, on January 13 President of the Republic of Uzbekistan Shavkat Mirziyoyev departed to this country with an official visit. 

In accordance with the program negotiations at the highest level, as well as bilateral meetings with the heads of leading organizations, companies and banks of the UAE will be conducted in the Emirates’ capital of Abu Dhabi. 

President of Uzbekistan will also participate in the activities of the international summit “Abu Dhabi Sustainability Week”. 
In the framework of the visit, the Head of our state will visit Dubai, where he will hold a meeting with Vice President, Prime Minister of the United Arab Emirates, Emir of Dubai Sheikh Mohammed bin Rashid Al Maktoum.

The President of Uzbekistan has signed the Resolution “On measures to introduce a system of continuous improvement of knowledge of the population and civil servants in the fight against corruption”.

The legal and institutional framework for preventing and combating corruption has been improved in Uzbekistan in recent years. At the same time, there is a need to raise to a new level the system of developing an intolerant attitude towards corruption among the population and civil servants, immunizing them with ‘integrity vaccine’, as well as increasing knowledge and skills in the fight against corruption based on the requirements of the time.

In this regard, the President of Uzbekistan has signed the Resolution “On measures to introduce a system of continuous improvement of knowledge of the population and civil servants in the fight against corruption”.

The Resolution will introduce a system of continuous improvement of knowledge of the population and civil servants in combating corruption.

For this purpose, from January 1, 2025, the Virtual Anti-Corruption Academy electronic platform (Virtual Academy) will be launched.

The Anti-Corruption Agency and the Law Enforcement Academy are in charge in organization and conduct of educational activities at the Virtual Academy. The Agency forms a contingent of civil servants who are subject to training, in agreement with the Academy, approves the annual training schedule, and monitors the quality organization of the educational process. The Agency submits annually information on the activities of the Virtual Academy to the National Anti-Corruption Council.

The key is that any citizen will have the opportunity to voluntarily study at the Academy’s basic courses. In particular, educational programs of various formats will be developed for preschool and school children, students, entrepreneurs, and representatives of nongovernmental organizations, taking into account their age, level of development and field of activity.

Increasing knowledge and skills in combating corruption at the Academy is mandatory for all civil servants.

This, undoubtedly, is of great importance in increasing the legal consciousness and culture of the population and civil servants, creating legal immunity from corruption in society, and cultivating the integrity values in the younger generation.

Training at the Virtual Academy in basic courses is organized free of charge for all users, and advanced training in special courses is fee-based.

The Agency formulates recommended annual research topics in the field of anti-corruption for higher education institutions and research organizations. All higher education and research organizations will annually submit to the Agency the results of research they conducted in the area. The Academy will maintain an electronic database on achievements, domestic and foreign experience, scientific, methodological and practical developments and research work.

Based on the Resolution, a Road Map is approved to ensure the effective functioning and strengthening of the material and technical base of the Virtual Anti-Corruption Academy electronic platform.

According to it, the Virtual Anti-Corruption Academy electronic platform and its mobile app will be launched by January 1, 2025. Special programs and content organized in the Virtual Academy for pre-school and school children, and students will be developed by October 1, 2024.

As part of the Global Resource for Anti-Corruption Education and Youth Empowerment (GRACE) Initiative, measures will be taken to create high-quality animated films, video and audio materials intended for students.

The launch of the Virtual Academy will serve to accelerate the formation of an intolerant attitude towards corruption in society, as well as the introduction of a system of continuous improvement of the knowledge and skills of the population and civil servants in the fight against corruption.

Dunyo IA

Annotation. The Ferghana Valley is the historical heart of Central Asia, where a new model of regional cooperation based on trust, good neighbourliness and sustainable development is currently taking shape. The initiative
of the President of Uzbekistan Shavkat Mirziyoyev to hold the Ferghana Peace Forum reflects a common desire among the countries of the region to strengthen mutual understanding and create the area of peace, stability, and shared prosperity.

INTRODUCTION

Historically, the Fergana Valley was a shared space where countries used common resources and people kept close ties. For centuries, the valley was
at the crossroads of key trade routes connecting the West and the East.

The establishment of an atmosphere of good neighbourliness
 in the Ferghana Valley reflects positive developments throughout Central Asia. Essentially, this is the result of political will, a concentrated expression
of the joint efforts of the leaders of all five countries to maintain security
and stability in the region.

Holding the Fergana Peace Forum in Fergana on October 15–16, 2025, confirms the statement made by the President of Uzbekistan at the 80th session of the UN General Assembly about the transformation of Central Asia into
an area of peace, friendly relations and partnership.

FROM A ZONE OF TENSION TO A SPACE OF TRUST

In the early years of independence, unresolved border issues and
the existence of numerous ethno-territorial enclaves served as grounds
for viewing the region as a conflict zone.

However, today, thanks to the political will and joint efforts of the leaders
of states, the Fergana Valley, previously perceived as a “powder keg,”
“Achilles' heel,” and “hot spot,” is becoming a symbol of peace, sustainable development, and a space of opportunity.

In recent years, Uzbekistan, Tajikistan and Kyrgyzstan have made significant progress in diplomacy and establishing stable political contacts.

The visits of the countries' leaders and their participation in regional forums and organizations such as the Shanghai Cooperation Organization
and the Consultative Meeting of the Heads of Central Asian States contribute
to the deepening of political and economic ties. The development of bilateral
and multilateral relations in the political sphere has helped to create a solid foundation for regional integration and mutual support.

Moreover, all five Central Asian countries contribute to the sustainable development of the Ferghana Valley. Joint water and energy projects are being implemented. In January 2023, Uzbekistan, Kazakhstan and Kyrgyzstan signed
a “”Road Map” for the implementation of the Kambarata HPS-1 construction project, and in June 2024, an interdepartmental agreement on preparations
for the implementation of the project.

A new phase of regional diplomacy began in 2017 with the election
of Shavkat Mirziyoyev as the President of the Republic of Uzbekistan. Relations
with neighbouring countries reached a qualitatively new level. Dialogue based on the principles of openness, respect, and equality laid the foundation
for long-term friendly coexistence.

Thanks to the political will of the leaders of the three states—Uzbekistan, Kyrgyzstan, and Tajikistan—historic agreements were reached in 2025
with the signing of the Treaty on the Junction Point of the State Borders
of  Three States and the Khujand Declaration on Eternal Friendship.
These documents became a symbol of a new era of trust and creative partnership. The treaty legally established the borders of the three states
at a concrete point in the Ferghana Valley.

This breakthrough did not come unexpectedly, without preparatory work. In the preceding months, on March 13, 2025, Kyrgyzstan and Tajikistan signed an important agreement on the demarcation of their common border—the final stage of their long negotiations.

Kyrgyz President Sadyr Zhaparov noted that regional integration continues to develop actively, and the strengthening of cooperation
in all spheres will be the key to sustainable development and prosperity throughout Central Asia.

In turn, Tajikistan President Emomali Rahmon called the development
of relations between the three countries based on the principles of good neighborliness, equality, and mutual respect one of the priorities of Tajikistan's foreign policy.

The international community particularly highlights the indispensable role of Uzbekistan's President Shavkat Mirziyoyev, who initiated a new diplomatic line: "Borders should not divide, but unite our peoples."

This approach creates a model for peaceful transformation, where internal rather than external factors shape the architecture of trust, friendship, and good neighbourliness.

The formation of the area of stability and cooperation in Ferghana Valley was achieved without external involvement, solely through the strong political will of the leaders of the three states, combined with the desire of the peoples
of the region for peaceful coexistence, creating a solid foundation for lasting peace and prosperity.

Ferghana Valley – an “exemplary model” for building inter-state relations in other regions

The Ferghana Valley is one of Central Asia's unique oases – a place where the destinies of the peoples of Uzbekistan, Kyrgyzstan, and Tajikistan have intertwined. More than 17 million people live here, accounting for 20%
of the total population of Central Asia, which is around 83 million.

Today, the valley is gradually becoming a symbol of the new Central Asia – a region where borders are not barriers, but bridges of interaction.
The development of transport, trade, and humanitarian ties between Uzbekistan, Kyrgyzstan and Tajikistan paves the way for the formation of a single space
for interaction in the name of common prosperity.

Joint infrastructure and economic projects, the restoration of roads
and railways, the development of border logistics hubs, and the modernization of checkpoints are creating conditions for the free movement of people, goods, and ideas.

Communications between the Ferghana Valley and the outside world are actively developing. Today, it is being integrated into international multimodal transport corridors and is gradually regaining its status as an interregional transit hub connecting East and West.

In this regard, the China-Kyrgyzstan-Uzbekistan railway project is of great importance. If implemented, it will have a multiplier effect on the economies
of all countries in the region.

The railway will provide access to the ports of the Persian Gulf
and the Pacific Ocean, open up new markets, thereby diversifying the economy and creating new jobs.

Visa regimes are being simplified and the throughput capacity at border crossing points is being improved, which will encourage more mutual travel
by citizens.

Uzbekistan maintains a visa-free regime with all Central Asian countries except Turkmenistan. In particular, there are currently 17 border crossing points between Uzbekistan and Tajikistan and 25 between Uzbekistan
and Kyrgyzstan. In 2016, there were only 13 between Uzbekistan
and Kyrgyzstan, and all of them operated with restrictions. For example, currently, up to 20,000 people pass through the Dustlik checkpoint
on the Uzbek-Kyrgyz border every day, which is 100 times more than in 2016.
At the same time, the number of vehicles passing through has increased tenfold, reaching 700 per day.

The Mingtepa and Khanabad border checkpoints were opened in 2023, and the Uchkurgan and Karasu checkpoints in 2024. These points had been closed since 2009-2010.

Today, citizens of Uzbekistan and Kazakhstan can travel to each other's countries for up to 30 days without registration. A visa-free regime
for up to 60 days has been established between Uzbekistan and Kyrgyzstan,
and since September 1, 2023, it has been possible to use ID cards
(instead of foreign passports) for mutual travel between the two countries.

The time required for goods and people to cross the border has been reduced to an unprecedented eight minutes. In turn, citizens of Tajikistan
and Uzbekistan can stay in each other's territory for up to 30 days
without a visa. This, in turn, contributes to the intensification of cooperation
and improved mutual understanding between the peoples of the Fergana Valley.

On the whole, a common space is forming in the Ferghana Valley, as it has throughout history. The restoration of the valley's interconnectedness contributes to the stability and sustainable development of the entire region.

The international community's keen interest in these processes confirms that Central Asia is becoming an important center for the formation of a culture of peace. The initiatives put forward by Uzbekistan have received support
from the UN, OSCE, EU, and other international partners, which strengthens
the legitimacy and sustainability of regional efforts.

The Ferghana Peace Forum has a special place in this process—it's not just a diplomatic meeting, but a platform for developing a new philosophy
of regional cooperation. This forum brings together political leaders, experts, and public figures, offering an open dialogue on strengthening peace, trust,
and sustainable development in Central Asia.

 The event will enable the countries of the region to independently shape their own architecture of stability and sustainable development, based
on mutual respect and the desire for a better future for new generations.

CONCLUSION

The Ferghana Valley is gradually transforming into a space of peace
and harmony, where peoples find common ground and jointly strengthen
the region's stability.

The establishment of the atmosphere of friendship and
amicable relations in the Ferghana Valley shows that, even in today's turbulent global environment, ensuring stability in the region is an achievable goal. 

This process requires patience, wisdom, and willingness to make reasonable compromises. Uzbekistan, Kyrgyzstan, and Tajikistan have demonstrated these qualities and their ability, despite complex challenges,
to unite for common goals such as strengthening security and sustainable development.

In turn, the Fergana Peace Forum is called to become a permanent platform aimed at strengthening dialogue and trust, ensuring sustainable development of the Ferghana Valley, unlocking economic potential,
and strengthening cultural and humanitarian ties. This meeting reflects the unity of the countries in the region, which are determined to build a common future together.

Authors: Diloram Mukhsinova and Bekhzod Alimjanov,

senior researchers at the Center for Foreign Policy Studies

(Uzbekistan)

Bismillahir Rahmanir Rahim!

Honorable chairman!

Distinguished heads of delegations!

I would like to extend my deep gratitude to the Custodian of the Two Holy Mosques, His Majesty the King of Saudi Arabia Salman bin Abdulaziz Al Saud, and His Highness the Crown Prince and Prime Minister Mohammed bin Salman Al Saud for hosting this important summit today on the most urgent and painful issue on the global political agenda - the problem of Palestine.

Regrettably, since the historic meeting in Riyadh in 2023, the scope of this unfair and violent war has further widened.

Despite the resolute efforts and urges of the international community, flagrant violation of international norms and resolutions continues to this day.

We are all dismayed by the fact that now the flames of war encompass Lebanon as well.

As my colleagues have noted in their statements, these devastating and horrific attacks, which have caused the deaths of thousands of innocent children, women and the elderly, are turning into the darkest page of the new history of humanity.

One cannot watch without broken heart how social infrastructure facilities, schools, hospitals, mosques and even entire cities are turning into ruins, leaving millions of civilians homeless and doomed to hunger and disease.

Worst of all, as we all can see, this tragedy on the international arena is being approached through double standards.

This dramatically increases the potential for spillover of the war and poses a serious threat to international security.

Dear participants of the summit!

Uzbekistan fully supports all practical initiatives aimed at addressing the Palestinian-Israeli problem through peace and diplomacy.

In this regard, we believe that today's Summit will demonstrate common political will and unity, develop effective global and regional mechanisms and specific solutions, and swiftly put them in practice.

In first place, here we are referring to the need to drastically increase the role and influence of the United Nations and the Security Council in addressing this long-standing conflict.

Immediate cessation of military action, provision of safe humanitarian corridors and, most importantly, the initiation of peace negotiations should be at constant focus of this universal international structure.

Second. On November 15, the long suffering Palestinian people will celebrate their National Day - the Declaration of State of Palestine.

I am confident that this nation with an ancient and rich history has every right to establish an independent and free state within the borders of 1967, with East Jerusalem as its capital.

In this regard, we fully support the activities of the Global Alliance for Implementation of the Two-State Solution, organized at the initiative of Saudi Arabia.

Third. In order to prevent an unprecedented humanitarian crisis in Palestine and Lebanon, we need to expand the scope of assistance from our countries and within the framework of leading international organizations.

We support increasing the necessary assistance to the activities of UNRWA and other United Nations institutions, which have great experience.

In this regard, we express our readiness to provide free medical care to war-affected Palestinian children and women in Uzbekistan's hospitals.

We also intend to discuss the issue of extending practical assistance to the Palestinian people at the forthcoming GCC-Central Asia Summit in Samarkand next year.

Fourth. As part of the Organization of Islamic Cooperation, we should attach greater attention to ensuring the sanctity and preservation of the Holy Al-Aqsa Mosque and other unique historical and cultural sites in Jerusalem.

Dear heads of delegations!

I hope that our extraordinary meeting today will be a big step towards addressing the Middle East problem.

I pray to Allah Almighty to bestow peace and tranquility upon the world and further strengthen the unity of our Ummah.

Thank you for your kind attention.

Labor force migration is a natural process worldwide. In Uzbekistan, purposeful work is being carried out to safely and orderly send such citizens abroad. The Agency for External Labor Migration has sent 70,000 people to developed countries for this purpose in the past two years.

We all know that those who want to work abroad also incur certain expenses. Therefore, migrants partially reimburse the costs of a work visa, travel ticket, foreign language, and qualification assessment. It is established that a citizen who has obtained international or equivalent certification in a foreign language is reimbursed 50% of the language learning costs.

Among all the positive work carried out in this area, there is a noted development of significant cooperation with the International Organization for Migration in protecting migrant rights, as well as with developed countries. Systematic work is underway to develop the Concept of the State Policy of the Republic of Uzbekistan in the field of migration until 2030, envisaging the achievement of criteria for guaranteed equality in the social protection of labor migrants.

Emphasizing that the Ministry of Employment and Labor Relations has established contracts between the External Labor Migration Agency and 25 German companies, Uzbek citizens are being temporarily employed in various fields. Discussions are also underway with another five companies. In the past three years alone, 821 Uzbek citizens have been sent to Germany for temporary work, while 1,670 citizens are currently undergoing training to continue their work activities in this country.

In this way, cooperation in the field of labor migration between Uzbekistan and Germany is actively developing, ensuring the preparation of our citizens for work, providing professional training and language learning opportunities, and creating favorable conditions for employment.

The External Labor Migration Agency has been holding discussions on labor migration issues with several countries in 2024, such as Great Britain, Hungary, and Slovakia, highlighting the increasing importance of these efforts.

In addition to the above, under the initiative of President Shavkat Mirziyoyev, each returning labor migrant is provided with a subsidy of 500,000 soums per month from the Labor Support Fund for one year. It is estimated that approximately 100 billion soums will be allocated to these measures for a year.

Assisting returning migrants in finding employment is also being considered as an important issue, and based on the Saykhunabad experience, financial support is provided for the production of goods and income generation, as well as other types of labor services. Medical facilities may also provide free medical checks for returning migrants and their family members. Additionally, starting from October 15, 2023, "Inson" Social Service Centers have been established in the Republic of Uzbekistan to provide social assistance to children whose parents work abroad, which is a significant step.

It is important to note that today, not only state organizations but also non-governmental organizations play a significant role in regulating and supporting labor migration. In this regard, it is relevant to mention educational courses and service organizations providing assistance in collaboration with the External Labor Migration Agency.

In short, a safe, orderly, and legal system for labor migration has been established in Uzbekistan, creating new mechanisms for citizens wishing to go abroad. It encompasses three main stages: The first stage involves organizing preparatory work for citizens intending to work abroad. Vocational and language training is conducted in 14 "Job Placement" service centers nationwide, 30 vocational training centers, 136 communities, 24 colleges, and 13 technical colleges.

Second stage: Providing legal and social assistance to labor migrants abroad. For this purpose, agencies dealing with labor migration issues have been established in several countries to provide services to Uzbek citizens working abroad. Labor Migration Affairs Attachés have been appointed at Uzbekistan's Embassies.

Third stage: Assisting in the reintegration of labor migrants returning to Uzbekistan. Inspectors at the Labor Support Centers are engaged in activities aimed at the reintegration of labor migrants returning to the country.

In conclusion, it is essential to emphasize that appropriate measures are being taken to ensure suitable working conditions and social protection for Uzbek citizens engaged in labor activities abroad. Collaboration with our foreign partners continues on all relevant migration issues. Systematic efforts are being made to further develop initiatives related to the professional orientation and language proficiency of labor migrants.

Bobomurod Yarashev,

teacherof the University of

Public Safety of the Republic of Uzbekistan

Social policy in our country contains a wide range of issues on poverty alleviation, job creation, and support for socially vulnerable groups of the population. Investments in human capital are both a contribution to the social and economic sectors of the country's development. Moreover, according to a study by the Institute of Macroeconomic and Regional Studies under the Cabinet of Ministers of Uzbekistan, improving the quality of human capital leads to an increase in the inflow of foreign direct investment by 0.51 percent.
Article 1 of the Constitution of the Republic of Uzbekistan in the new wording, adopted following the results of the national referendum, once again confirmed the commitment and orientation of the state to care for its citizens from the first days of their birth, regardless of their social status. It should be noted that the state did not come to this principle immediately, as the domestic social policy was formed step by step, i.e. in the process of long negotiations, permanent compromises and economic opportunities.
The enshrinement in the Constitution of the statement that Uzbekistan is a sovereign, democratic, law-based, social and secular State increases its social obligations.
It should be noted that a social state in the general sense guarantees quality education, qualified medical care, comprehensive support for families, children, women, the elderly and persons with disabilities, provides housing and employment for those in need, creates safe working conditions and reduces poverty.
All of the above-mentioned state guarantees began to be reflected in the last decade of our country, which entered the world history as New Uzbekistan.
First, the Strategy of Action on Five Priority Areas of Development of the Republic of Uzbekistan in 2017-2021 and the Strategy for the Development of New Uzbekistan for 2022-2026 identify as priority tasks: building a humane state by elevating human honor and dignity and further developing a free civil society; turning the principles of justice and the rule of law into a fundamental and necessary condition for the country's development; accelerating the development of the national economy and ensuring high growth rates; carrying out the development of the country's economy; and ensuring the development of the national economy.

Secondly, the Ministry of Employment and Poverty Reduction has been established, the Ishga Markhamat monocenters have been launched, the “iron” “women's” and “youth” notebook systems have been set up, one hundred percent pensions are paid to working pensioners, the Social Protection Strategy of the Republic of Uzbekistan has been approved, and the problem of poverty in the country has been recognized. Moreover, the post of assistant khokims has been introduced, who are responsible for poverty reduction, developing entrepreneurship, organizing jobs and increasing the incomes of citizens. Most importantly, a new system of caring for the population has been created.
President Shavkat Mirziyoyev chaired a video conference call on May 15, 2023 to discuss measures to reduce poverty and provide employment. Following the recognition of the existence of poverty in the country, a system to reduce it was introduced. At the beginning of last year, all districts in Uzbekistan were divided into five categories and given differentiated benefits based on the pace of socio-economic development. As a result, one million people have been lifted out of poverty.
Thirdly, education and medicine are the most important and comprehensive social spheres. In order to accelerate reforms and improve efficiency in these sectors, relevant project offices have been established.
Undoubtedly, investment in human capital is the best contribution to the future. In this regard, unprecedented reforms have been carried out in the area of continuous improvement of the system of continuous quality education and training of qualified personnel. As a result, preschool education coverage has increased from 27 to 74 percent, 11-year compulsory schooling has been resumed, the workload of school teachers has been optimized, and forced labor has been abolished.
Changes in the higher education system in recent years have also shown significant positive results. As a result, enrollment in higher education has increased from nine to 42 per cent, and the number of higher education institutions has grown from 77 to 212.

Our country pays great attention to the medical sphere, which directly affects the quality of life. Over the past seven years, the financing of the health care system has increased from 5.9 trillion to 33.5 trillion soums, i.e. six times. Hospitals are being equipped with modern equipment and new facilities are being built. In order to bring medicine closer to the people, on-site screening examinations are being conducted.
It should be noted that Uzbekistan is working on targeted support for socially vulnerable segments of the population. This is evidenced by the addition of a new wording to article 57 of the Constitution on State measures aimed at improving the quality of life of socially vulnerable categories, creating conditions for their equal participation in public and State life with other citizens, and expanding their opportunities to independently provide for their basic living needs.
One of the main innovations is article 42 of the Basic Law, which states that the minimum wage shall be determined taking into account the need to ensure a decent standard of living. From December 1, 2023, the minimum wage is equal to 1.05 million soums, while the cost of consumer expenditures is set at 568 thousand soums per person per month.
In addition, according to the Presidential Decision “On measures to further improve the system of social services and assistance to the population” of September 28, 2023, a new system of social assistance by the employees of the social service centers “Inson” of the National Agency for Social Protection has been introduced in 28 districts (cities) on a pilot basis since October 15 last year. The employees are responsible for keeping records and register of lonely, elderly and disabled persons in need of care, which helps to develop a plan of individualized social services by taking into account the degree of need for care. At the same time, assistance to the lonely elderly included in the Unified Register of Social Protection is provided on the basis of a contract.

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