Uzbekistan Quality Job Creation as a Cornerstone for Sustainable Economic Growth

Contents
4. Private Sector Development and Access to finance 
136
4.1. Private Sector Development for Economic Diversification 
137
4.2. Financial Sector Development: Trends and Challenges 
150
4.3. Financial Inclusion for Future Growth 
158
4.4. Government Efforts Toward Inclusive
168 
and Private Sector-led Growth 
4.5. Policy Implications for Accelerating Inclusive 
172
Economic 
Growth 
4.6. Conclusion 
174
References 
176
5. Trade and foreign Direct Investment in Uzbekistan 
178
5.1. Uzbekistan’s Trade and International Economic
180 
Cooperation: An Overview 
5.2. The Evolution of Trade and Foreign Direct Investment
182 
in Uzbekistan: Stylized Facts 
5.3. Why Does Uzbekistan Need to Liberalize Its
187 
Trade and Foreign Direct Investment? 
5.4. Potential Gains from Trade and Foreign Direct Investment 
193
5.5. Firm Size Distribution Analysis 
197
5.6. Gravity Model of Exports 
199
5.7. Policy Recommendations for Trade and Foreign
203 
Direct Investment Liberalization in Uzbekistan 
203
Appendix 5.1: Uzbekistan’s Trading Partners 
206
References
207

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Tables, Figures, and Boxes
Tables
1.1 Ease of Doing Business Rankings, Uzbekistan, 2016 and 2018 
4
1.2 External Indicators, Uzbekistan, 2005–2018 
16
1.3 Ranking of Barriers to Creating Employment, Uzbekistan Enterprise 19 
Survey, 2017
1.4 Poverty and Inequality Indicators, Uzbekistan, 
20
2001, 2007, 2010, 2013, 2016-2018 
1.5 Poverty Incidence by Region, Uzbekistan, 2012
20
2.1 Road Transport Indicators, Uzbekistan, 2004 to Latest Data 
31
2.2 Rail Transport Indicators, Uzbekistan, 2011–2018 
37
2.3 Transport Corridors for Foreign-Traded Goods, Uzbekistan
40
2.4 Indicators of Cost of Trading Across Borders, Selected Countries, 43
2018 
2.5 Logistics Performance Index Rank, Selected Countries, 2018 
45
2.6 Energy Reserves, Uzbekistan, 2017 
48
2.7 Supply and Consumption of Gas, by Sector, Uzbekistan, 2018 
50
2.8 Enterprise Survey Results, Uzbekistan, 2013 
59
2.9 Electricity Supply Projection, Uzbekistan, 2015–2020 
61
2.10 Uzbekistan’s Power Generation, 1991, 2016, 2017,
61 
and Projections 2017–2050 
2.11 Generating Capacity of Hydropower Plants, Actual and Targeted, 62 
Uzbekistan, 2017–2025
2.12 Generation Expansion Plan, by Source, Uzbekistan, 2018–2030 
62
2.13 Efficiencies of Thermal Power Plants, Uzbekistan, 2013 
64
2.14 Length of Transmission and Distribution Infrastructure,
65 
Uzbekistan, 2017 
2.15 Required Investment for Hydropower Plants, Uzbekistan
67
2.16 Tariff Rates, Uzbekistan, 2001–2018 
69
2.17 Uzbekenergo’s Projected Financial Performance, 2017–2026 
70
3.1 Education System, Uzbekistan, 2018 
89
3.2 Top Universities Based on UniRank, Uzbekistan, 2019 
101
3.3 Webometrics Ranking of Universities in Uzbekistan, 2019 
101
3.4 Factors Affecting Labor Force Participation, Aged 25–55, 2013 110
3.5 Occupational and Sectoral Distribution by Gender, Aged 25–55, 112 
Uzbekistan, 2013

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