Uzbekistan: Achieving a multidimensional transition

Relatively sound macroeconomic fundamentals, coupled with government measures and financial support from donors, have allowed Uzbekistan to withstand the shock of the health crisis. Despite a marked deterioration in the regional situation for the last year, the country shows internal political stability. At the same time, President Shavkat Mirziyoyev’s “New Uzbekistan Strategy” is continuing the post-Soviet economic transition formally initiated in 2017. However, the uncertainties generated by the international environment seems to hamper the implementation of reforms and the transformation from a planned economy to a market economy. The objective of this publication is to present the major macroeconomic trends in the country.