Wednesday, 22, May, 2019

The Economic Council has been formed in Uzbekistan for implementation of the Uzbekistan Reforms Road Map for 2019-2021.

The Council was established by the of the Uzbek President Additional Measures to Ensure Further Development of Economy and Increase Effectiveness of Economic Policies Decree.

The Uzbek PM Abdulla Aripov will chair the Council. The Council will also include Deputy PM/Minister of Finance Jamshid Kuchkarov, First Deputy Advisor to the President Bekzot Mavlonov, Deputy Advisers to the President Galina Saidova and Elyor Ganiyev, Director of the National Project Management Agency Dmitry Li, Chairman of the Central Bank Mamarizo Nurmuratov, Business Ombudsman Dilmurod Qosimov , Chairman of the Chamber of Commerce and Industry Adham Ikramov and First Deputy Finance Minister Ahadbek Haydarov.

The Council will analyze and identify problems and risks that impede the implementation of socio-economic reforms, the preparation of proposals for reforms in the socio-economic sphere;

The Council will discuss the draft regulations developed during the implementation of the Road Map, as well as it will coordinate the activities of the responsible ministries and departments, as well as conduct system monitoring and control over the implementation of the Road Map.

The document says that the council should prepare the strategies for reforming enterprises with the government stake (before June 1), for developing a national digital economy (Digital Uzbekistan 2030, before December 1), for developing education (before March 1, 2020), and for developing the water management and irrigation sector (before September 1, 2020).

Before April 1, the Council will prepare the Uzbekistan’s Socio-Economic Development Concept until 2030 and before October 1, the Concept for Development of Agriculture. The Concept of Strengthening Monetary Policies and Ensuring Price Stability will be developed by October 1, and by January 1, 2020 - the Concept of Reforming the State Pension System.

Until June 1, 2020, it is planned to develop a concept for further development of the financial sector.

The Economic Council will also develop a roadmap for improving the investment climate (until April 1). By November 1, a road map on increasing flexibility and transparency in land use will be developed, and by September 1, 2020, a road map on environmental protection will be developed.

An International Expert Group will be formed within the Economic Council from among foreign experts engaged in the elaboration of the Roadmap measures.

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