In a move aiming to reshape the regional energy landscape and bring Central Asia closer to Europe, the three countries have launched a joint venture, seeking to develop a new transcontinental green ...

Labor migrant remittances are responsible for the overwhelming share of wire transfers in Uzbekistan. Earlier in 2024, the Uzbek government began implementation of a strategy that, over the long term, ...

In 2017, President of Uzbekistan Shavkat Mirziyoyev initiated an ambitious reform agenda. Reforms, including those supported by the World Bank-funded DPOs, have yielded meaningful results, ...

As the country grapples with its first economic contraction in three years, a new map showcases the sharp divide in how each state's economy is weathering the 2025 downturn. According to data ...

TASHKENT, Uzbekistan, June 24. Presidents of Uzbekistan and Mongolia, Shavkat Mirziyoyev and Ukhnaagiin Khurelsukh, held negotiations at the State Palace of Mongolia to discuss further strengthening ...

The economic shock rippling from Russia to Uzbekistan is compounding the economic effects of the COVID-19 pandemic, which had already spurred protectionist economic policy and threatened the reform ...

Uzbekistan’s major industries include agriculture, mining, textiles, machinery and food processing. It’s the world’s sixth largest producer of cotton and the ninth largest producer of gold.

Washington, December 17, 2021 – The World Bank’s Board of Executive Directors has approved a $400 million Development Policy Operation (DPO) loan to support the Government of Uzbekistan’s ...