Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
ViewpointJanuary 2 2020

Odilbek Isakov: privatisation drive will transform Uzbekistan

The deputy finance minister of Uzbekistan speaks to Kimberley Long about how the country is undertaking a wide range of banking and business reforms, and its success after reaching out to the international capital markets for the first time.
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon

Q: Uzbekistan is undertaking a number of reforms to open up the country. These changes include steps to improve business conditions. What form will these changes take?

A: In Uzbekistan, we are actively moving to expand the private sector and increase foreign direct investment. Under the previous government model, it was difficult. The government would control the access to foreign currency and allocate state funds to strategic entities, which were de facto state monopolies crowding out the private sector. This needed to be changed.

To continue reading, join our community and benefit from

  • In-depth coverage across key markets
  • Comments from financial leaders and policymakers worldwide
  • Regional/country bank rankings and awards
Activate your free trial
Kimberley Long is the Asia editor at The Banker. She joined from Euromoney, where she spent four years as transaction services editor. She has a BA in English Language and Literature from the University of Liverpool, and an MA in Print Journalism from the University of Sheffield. Between degrees she spent a year teaching English in Japan as part of the JET Programme.
Read more articles from this author