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Before COVID-19 pandemic, Uzbek economy has advanced significantly:
- foreign trade increased from 24 billion $ in 2016 to almost 42 billion $ in 2019
- Uzbekistan jumped from rank 87 in 2016 to rank 69 in 2020 in the World Bank Ease of Doing Business ranking.
- according to the World Bank, foreign direct investments (FDI) increased from 2% of GDP in 2016 to almost 4% of GDP in 2019.
The 5-year Strategy and Roadmap
In 2020, Uzbekistan leadership announced a new, large-scale 5-year Strategy and Roadmap to enhance competition in the commodity and financial markets to foster economic development, innovations, to increase investments, new jobs, and the welfare of consumers through ensuring “level playing field” to...
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