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On March 24, the First Tashkent Worldwide Funding Discussion board has kicked off within the capital. President of the Republic of Uzbekistan Shavkat Mirziyoyev attended the plenary session.
In keeping with the press service of the President of Uzbekistan, the session was additionally attended by the President of the European Financial institution for Reconstruction and Growth Odile Renaud-Basso, President of the Asian Growth Financial institution Masatsugu Asakawa, Minister of Funding of the Kingdom of Saudi Arabia Khalid Al-Falih, Deputy Director-Common of the World Commerce Group Xiangchen Zhang, Vice President of the Asian Infrastructure Funding Financial institution Konstantin Limitovsky, Senior Vice President of the Worldwide Finance Company Stephanie von Friedeburg. The assembly was moderated by Jonathan Charles, greatest generally known as a information presenter for BBC World Information and presently the Director of Communications on the European Financial institution for Reconstruction and Growth.
The Head of the state welcomed the discussion board members and addressed the occasion, telling concerning the reforms and transformations carried out within the nation over the previous few years, in addition to outlined precedence areas for its additional growth.
The President famous that for a lot of centuries Uzbekistan, positioned on the territory of historical Mawarannahr within the heart of the Nice Silk Street, attracted the eye of retailers, businessmen and entrepreneurs from completely different areas of the world, since historical occasions well-known because the territory the place caravan routes intersect throughout the continents of Asia, Europe and Africa.
Uzbekistan, which has a 3-thousand-year historical past of statehood, has lengthy been a middle the place commerce, economic system, science, tradition and artwork have been actively growing.
In continuation of those traditions, based mostly on the precept of “From the nice previous to the nice future”, intensive work is being carried out in Uzbekistan to proceed financial and social growth. On this regard, the Head of the state listed the important thing areas of reforms in Uzbekistan.
Specifically, an enormous step was taken in 2017 – restrictions on the conversion of overseas foreign money and the repatriation of earnings by overseas buyers had been lifted. For the primary time, Uzbekistan banks and enormous enterprises acquired worldwide scores and entered the worldwide monetary markets.
To make sure openness to the worldwide neighborhood, Uzbekistan launched visa-free entry for residents of 90 overseas nations, whereas residents of one other 60 nations had been allowed to acquire a visa in a simplified method. In keeping with these indicators, we’ve achieved the standing of probably the most open state within the area.
Systematic work is being carried out in combating corruption and guaranteeing the safety of residents’ rights and freedoms. In 2020, Uzbekistan adopted a Nationwide Human Rights Technique, and for the primary time in historical past, Uzbekistan was elected a member of the UN Human Rights Council.
The success achieved in constructing a civil society, guaranteeing freedom of speech, supporting the actions of media, guaranteeing the safety of labor rights and the event of human capital was famous. It was introduced that greater than 21 thousand new training establishments for schoolchildren have been created within the nation over the previous 5 years, about 200 new colleges have been constructed, about 3 thousand colleges have been reconstructed and absolutely outfitted. In the identical brief interval, 82 new universities and institutes had been created, together with 23 overseas universities, and the full variety of greater training establishments reached 159. The extent of enrollment of faculty graduates in greater training has elevated from the earlier 9 to twenty-eight %.
Achievements in reforming the financial sphere had been additionally listed: easing the tax burden, decreasing customs duties, enhancing tax administration, systemic measures for the event of entrepreneurship and enhancing the funding local weather.
On account of the measures, the quantity of annual overseas investments interested in the nation’s economic system has tripled. Their whole quantity over the previous 5 years has amounted to $25 billion. On the identical time, about 59 thousand funding initiatives had been carried out, because of which greater than 2.5 million new jobs had been created.
The Head of the state additionally elaborated on the important thing priorities of the New Uzbekistan Growth Technique for 2022-2026, together with the constant continuation of measures to make sure financial and political stability, the creation of a compact and extremely environment friendly public administration system centered on supporting enterprise, decreasing the state’s share within the economic system, additional stimulating entrepreneurial exercise, guaranteeing the safety of buyers’ rights, accelerated growth and modernization of infrastructure, stimulating the manufacturing of high-value-added merchandise based mostly on native uncooked supplies, investing in human capital, liberalizing overseas commerce and guaranteeing gender equality.
It was introduced that because of the reforms over the subsequent 5 years, the gross home product will attain $100 billion, and annual exports will improve by 2 occasions and exceed the determine of $30 billion. The share of the non-public sector in GDP will probably be elevated to 80 %. By 2030, Uzbekistan guarantees to develop into a rustic with incomes of residents above the typical stage.
The Head of the state confused the dedication to additional constant work to create probably the most snug and engaging circumstances for buyers and comprehensively deepen mutually helpful partnerships with overseas companions and worldwide organizations.
Following the occasion, the President wished the members productive work on the Discussion board, energetic cooperation and the achievement of recent mutually helpful agreements on the implementation of joint initiatives.
The heads of worldwide monetary establishments and monetary organizations additionally delivered speeches on the occasion, expressing their views on the prospects for the event of Uzbekistan.
The funding, trade-economic and industrial potential of Uzbekistan, prospects for the event of regional and world commerce relations, mechanisms for attracting funding, commerce liberalization and enhancing the competitiveness of the nationwide economic system, additional steps to industrialize the nation and focus the business on the manufacturing of merchandise with excessive added worth, measures for the transformation of home vitality and the transition to different vitality sources, problems with strengthening the transport connectivity of the nations of the area and growing their transit potential will probably be mentioned on the sidelines of the classes and discussions of the discussion board.
The primary consideration will probably be paid to restoring and stimulating the accelerated growth of financial exercise within the post-COVID interval, decreasing poverty, regulating financial coverage, supporting enterprise, growing the banking sector and the monetary market.
The occasion will even embrace the fifth assembly of the Intergovernmental Fee on Commerce, Financial system, Science and Know-how, Tradition, Sports activities and Youth between Uzbekistan and the Kingdom of Saudi Arabia, Uzbekistan – China Funding Discussion board “Industrial Cooperation. New Alternatives”, in addition to a Nation Platform for Uzbekistan, which will probably be attended by the heads of worldwide monetary establishments, overseas authorities monetary organizations and growth companions.
Tashkent Worldwide Funding Discussion board will run till March 26.
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