UZBEKISTAN UZBEKISTAN | Overview

Official name: Republic of Uzbekistan

Capital: Tashkent

Official languages: Uzbek

Monetary unit: sum (UZS)

Population (million - 2013): 30.2

Total area (sq km):  447, 400


OVERVIEW

Double-landlocked country that lies at the heart of Asia, between the Amu Derya and Syr Derya Rivers, Uzbekistan is bordered by Afghanistan, Turkmenistan, Kazakhstan, Tajikistan and Kyrgyzstan. Since the mid-2000s, Uzbekistan has enjoyed robust GDP growth, thanks to favorable trade terms for its key export commodities like copper, gold, natural gas, cotton, the  macro-economic management, and its exposure to international financial markets.

Today, Uzbekistan’s economy is heading toward an inclusive economic growth trend and a narrowing of gaps in infrastructure (both physical and social infrastructure) needs between rural and urban areas. The government of Uzbekistan is working actively on addressing high unemployment disparity between rural and urban areas, which have resulted in a mass labor migration to Russia and Kazakhstan. Moreover, institutional development and effective governance remain one of the priorities of Uzbek authorities for the coming years.

 


Year joined ICD:

Number of projects approved: 18

Gross Approval ($US million): 207.33

Gross Disbursement ($US million): 177.71