Development finance assessment


Table 5 Baseline for an Integrated National Financing Framework in Uzbekistan



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Table 5 Baseline for an Integrated National Financing Framework in Uzbekistan
ASSESSMENTS AND DIAGNOSTICS
Assess Public 
Spending Needs 
and Financing 
Gaps
• 
There are no estimates available for total financing needs to achieve either the 
nationalized SDGs or the Action Strategy. Partial SDG costings are available from the 
IMF and UNESCAP. 
• 
Total available finance flows for 2020 are projected to decrease 17 percent in 2020, 
equivalent to about USD 9 billion, to a large extent driven by the impact of the 
COVID-19 crisis on the economy and the international environment.
Map Available 
Financing Flows
• 
This DFA is the first attempt to systematically map all existing development finance 
flows, including projections until 2025, along with identifying SDG financing 
opportunities and challenges.
• 
Prior to the COVID-19 pandemic, the available development finance to Uzbekistan 
was increasing too slowly to meet the country’s increasing financing needs.
• 
Uzbekistan’s Total available development finance for 2021 onwards is projected around 
77 percent of GDP.
Conduct regular 
Risk Assessments
• 
Uzbekistan’s prudent macroeconomic management implies limited financial risks. 
However, the recent economic liberalization and the increasing reliance on external 
debt may require strengthening authorities’ financial risk assessment practices.
• There is no effective risk assessment system for managing public assets and liabilities.
• 
International good practices to contain corruption risk in public finance management 
are being implemented gradually. There is limited effective participation of non-state 
actors towards containing corruption risks.
• High level of environmental and livelihood vulnerability to climate shocks and 
disasters, with limited mainstreaming of systematic environmental risk analysis across 
policy planning.
113 
See figure 1 in the introduction.


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DEVELOPMENT FINANCE ASSESSMENT FOR THE REPUBLIC OF UZBEKISTAN

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