The Economic Modernization of Uzbekistan Mamuka Tsereteli

Figure 2.
 Real GDP Growth and Contributions to Real GDP Growth.
13
 
Sources: 
Uzbekistan Official Statistics
https://www.usaid.gov/sites/default/files/documents/1866/CVE_CentralAsiansSyriaIraq.pdf); Ryskeldi 
Satke and Marta Ter,” Are Central Asian migrants in Russia a
recruiting ground for Islamic State?” 
European Council on Foreign Relations, July 27, 2015. 
13
World Bank Group, “
Migration and Mobility
”
, Europe and Central Asia Economic Update, October 
2017. 
(https://openknowledge.worldbank.org/bitstream/handle/10986/28534/9781464812194.pdf?sequence=4
&isAllowed=y) 

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President Mirziyoyev’s Economic Reform Strategy 
 
President Mirziyoyev inherited a relatively stable economic system that he 
knew intimately and understood without illusions, having served as Prime 
Minister of Uzbekistan since 2003 until the death of President Karimov. In 
this capacity, he had designed many reform policies, including a number 
that were promised but not implemented under the previous leadership, but 
which were to be implemented following Mirziyoyev’s election as 
president. The most important among these were the currency reform 
implemented in September, 2017. While pointing toward more 
thoroughgoing reforms to come, Mirziyoyev from the outset defended his 
changes as urgently needed steps in order to protect Uzbekistan’s 
sovereignty, independence, economic viability, and social development.
The reform agenda in the economic sphere, just as in other spheres, has been 
comprehensive and very ambitious, and well-articulated in multiple public 
statements of the president and governmental documents. In February, 
2017, Uzbekistan adopted a thoroughly crafted reform manifesto:
 2017-2021 
National Development Strategy
(hereafter, “The Strategy”). The Strategy 
identified five priority areas: reform of public administration; reform of the 
judiciary and strengthening the rule of law; economic development and 
liberalization; the social area; and security and foreign policy.
14
In terms of economic development and liberalization, the Strategy includes 
five priority directions. The first is a further strengthening of 
macroeconomic stability and the maintenance of high rates of economic 
14
“Uzbekistan's Development Strategy for 2017
-2021 has been adopted following public consultation,