Development finance assessment

GOVERNANCE AND COORDINATION MECHANISMS
Institutional 
Mechanisms
• The newly reformed ‘Ministry of Economic Development and Poverty Reduction’ is 
tasked with coordinating the multiple, fast-paced economic reforms and ensuring 
unity of action and policy coherence across the government. It will also coordinate the 
development of all medium and long-term concepts, strategies and programs. There 
are no clear mechanisms for considering the financing approaches of new strategies 
and policies. 
• Uzbekistan has adopted a similar SDG implementation architecture as its regional 
peers: an official, Inter-ministerial Coordination Council, chaired by the Deputy Prime 
Minister, is responsible for monitoring and reporting on SDG progress and driving the 
necessary institutional reforms that may be required towards achieving the Agenda 
2030. 
• 
In practice, streamlining the SDGs across the all planning and financing policies 
appears to be shallow, with limited ownership of the SDG agenda across Ministries. 
• The integrated nature of the sustainable development agenda could provide a ready-
made solution to align and coordinate all national stakeholders, both private and 
public, around a consensual set of development priorities. 
Coordination
• Effective models of genuine and systematic public-private dialogue remain under 
construction in Uzbekistan. While there is a clear policy intention to harness the 
potential of the private sector and civil society towards achieving the Agenda 2030, 
this would require a significant shift in attitude of civil servants to realize this potential 
in practice. 
• The VNR process has demonstrated authorities’ capacity and willingness to identify and 
rally a wide range of stakeholders to monitor and inform SDG progress in Uzbekistan. 
• However, it has also revealed the limited capacity to effectively digest and utilize 
this wealth of information and knowledge to more systematically inform planning 
processes and SDG aligned financing policies.
• Similar public-private dialogue mechanism could be systematically used for informing 
policymaking, along with capacity-building to ensure the outcome of such dialogues 
is being acted upon. The Strategy Development Center, which facilitated expert and 
public discussions on reforms outlined in the five-year development strategy, could be 
used to underpin more systematic public-private dialogues.

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RECOMMENDATIONS
RECOMMENDATIONS
The recommendations focus on public finance, private finance and the enabling 
environment. Jointly, they aim to support financing the COVID-19 recovery in the short term, 
while strengthening the fundamental building blocks of an effective INFF over the medium-
term. 
RECOMMENDATIONS FOR PUBLIC FINANCE