Uzbekistan Ministry of Economy Building | |
Economic ministry overview | |
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Formed | January 22, 2002 |
Jurisdiction | Government of Uzbekistan |
Headquarters | 45A Uzbekistan Avenue, Tashkent, Uzbekistan |
Minister responsible |
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Website | mineconomy |
The Ministry of Economy is a government agency of Uzbekistan which oversees the socio-economic development and management, working with other departments in ministries in the country. The ministry has many functions, including the oversight and development of a stable macroeconomy, development of the market, development of economic scenarios, and keeping track of economic demographics. [1]
Uzbekistan, officially the Republic of Uzbekistan, is a doubly landlocked country located in Central Asia. It is surrounded by five countries: Kazakhstan to the north, Kyrgyzstan to the northeast, Tajikistan to the southeast, Afghanistan to the south, and Turkmenistan to the southwest, making it one of only two doubly landlocked countries on Earth, the other being Liechtenstein. Uzbekistan is part of the Turkic world, as well as a member of the Organization of Turkic States. Uzbek, spoken by the Uzbek people, is the official language and spoken by the majority of its inhabitants, while Russian and Tajik are significant minority languages. Islam is the predominant religion, and most Uzbeks are Sunni Muslims.
The economy of Uzbekistan, formerly a Soviet-style command economy, has undergone changes that align more with a market economy. Under the administration of Islam Karimov currency conversion capacity was restricted, imports were controlled and Uzbekistan's borders with neighboring Kazakhstan, Kyrgyzstan, and Tajikistan were sporadically closed. Since the election of President Shavkat Mirziyoyev, Uzbekistan economic and social reforms have been implemented to boost growth and modernize the country. International Financial Institutions, including EBRD, Asian Development Bank and the World Bank, are supportive of the reform process and increased their presence in the country.
Uzbekistan joined the Commonwealth of Independent States in December 1991. However, it is opposed to reintegration and withdrew from the CIS collective security arrangement in 1999. Since that time, Uzbekistan has participated in the CIS peacekeeping force in Tajikistan and in United Nations-organized groups to help solve the Tajik and Afghan conflicts, both of which it sees as posing threats to its own stability. Uzbekistan is an active supporter of U.S. efforts against worldwide terrorism and joined the coalitions which have dealt with both Afghanistan and Iraq. It is a member of the United Nations, the Euro-Atlantic Partnership Council, Partnership for Peace, and the Organization for Security and Cooperation in Europe (OSCE). It belongs to the Organisation of Islamic Cooperation (OIC) and the Economic Cooperation Organization, which comprises 7 Central Asian countries: Pakistan, Uzbekistan, Kazakhstan, Turkmenistan, Afghanistan, Kyrgyzstan and Tajikistan. It is a founding member of and remains involved in the Central Asian Union, formed with Kazakhstan and Kyrgyzstan, joined in March 1998 by Tajikistan.
The Shanghai Cooperation Organisation (SCO) is a Eurasian political, economic, international security and defence organization established by China and Russia in 2001. It is the world's largest regional organization in terms of geographic scope and population, covering approximately 24% of the area of world and 42% of the world population. As of 2024, its combined nominal GDP accounts for around 23%, while its GDP based on PPP comprises approximately 36% of the world's total.
Kyrgyzstan, officially the Kyrgyz Republic, is a landlocked country in eastern Central Asia, lying in the Tian Shan and Pamir mountain ranges. Bishkek is the capital and largest city. Kyrgyzstan is bordered by Kazakhstan to the north, Uzbekistan to the west, Tajikistan to the south, and China to the east and southeast. Ethnic Kyrgyz make up the majority of the country's over 7 million people, followed by significant minorities of Uzbeks and Russians.
A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position.
The Economic Cooperation Organization or ECO is a Eurasian political and economic intergovernmental organization that was founded in 1985 in Tehran by the leaders of Iran, Pakistan, and Turkey. It provides a platform to discuss ways to improve development and promote trade and investment opportunities. The ECO is an ad hoc organisation under the United Nations Charter. The objective is to establish a single market for goods and services, much like the European Union. After the dissolution of the Soviet Union, the ECO expanded to include Afghanistan, Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan in 1992.
The post-Soviet states, also referred to as the former Soviet Union (FSU) or the former Soviet republics, are the independent sovereign states that emerged/re-emerged from the dissolution of the Soviet Union in 1991. Prior to their independence, they existed as Union Republics, which were the top-level constituents of the Soviet Union. There are 15 post-Soviet states in total: Armenia, Azerbaijan, Belarus, Estonia, Georgia, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan. Each of these countries succeeded their respective Union Republics: the Armenian SSR, the Azerbaijan SSR, the Byelorussian SSR, the Estonian SSR, the Georgian SSR, the Kazakh SSR, the Kirghiz SSR, the Latvian SSR, the Lithuanian SSR, the Moldavian SSR, the Russian SFSR, the Tajik SSR, the Turkmen SSR, the Ukrainian SSR, and the Uzbek SSR. In Russia, the term "near abroad" is sometimes used to refer to the post-Soviet states other than Russia.
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The Government of the Republic of Uzbekistan exercises executive power in the Republic of Uzbekistan. The members of the government are the President of Uzbekistan, Prime Minister of Uzbekistan, Ministers, and Deputy Ministers. It has its legal basis in the Constitution of Uzbekistan. The Cabinet of Ministers of the Government of the Republic of Uzbekistan is the executive power body of the Republic of Uzbekistan, ensuring guidance over effective functioning of the economy, social and cultural development, execution of the laws, and other decisions of the Oliy Majlis, as well as decrees and resolutions issued by the President of the Republic of Uzbekistan.
A Ministry of Economy, Ministry of Commerce, Ministry of Economic Affairs, or Department of Commerce is a part of the government in most countries that is responsible for matters related to the economy or economic policy.
The Organization of Turkic States (OTS), formerly called the Turkic Council or the Cooperation Council of Turkic Speaking States, is an intergovernmental organization comprising all but one of the internationally recognized Turkic sovereign states: Azerbaijan, Kazakhstan, Kyrgyzstan, Turkey, and Uzbekistan; while Hungary and Turkmenistan are observers. Its overarching aim is promoting comprehensive cooperation among the Turkic peoples. First proposed by Kazakh president Nursultan Nazarbayev in 2006, it was founded on 3 October 2009 in Azerbaijan's Nakhchivan. The General Secretariat is located in Turkey's Istanbul.
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The Ministry of Finance is the government agency of Uzbekistan which oversees taxation and budgeting in the country. It is split into regional and city financial departments which manage their assigned areas. The ministry evaluates government foreign loans, oversees drafting of state budget plans and taxation. It is headquartered in Tashkent.
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Science and technology in Uzbekistan examines government efforts to develop a national innovation system and the impact of these policies.
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