Committed to the development of mutually beneficial relations with all foreign partners, Uzbekistan concentrates its main foreign policy efforts on the most important areas identified in the Strategy of Actions for five priority areas of development of the Republic of Uzbekistan in 2017-2021.
In June 2020, the Center for Economic Research and Reforms (CERR), with the support of the United Nations Development Program in Uzbekistan (UNDP), conducted a survey of enterprises on the impact of the pandemic and the government’s preventive measures.
The legislation of the Republic of Uzbekistan guarantees equal rights for women in their participation in political, social and economic activities of the country. Uzbekistan has built a system to defend women’s rights doing business and provide necessary consultancy and support.
Recently, various, often mutually opposing opinions have begun to appear on social media regarding the growth of public debt in connection with external borrowings aimed at mitigating the effects of the pandemic.
Countries around the world are facing an economic crisis due to the Covid-19 pandemic. According to the International Monetary Fund, the global economy is expected to slow to 3.0 percent this year, the worst economic decline since the global depression.
Within the implementation of Decree of the President of Uzbekistan Shavkat Mirziyoyev “On the creation of an innovative scientific and production pharmaceutical cluster” dated January 28, 2020, an agreement was reached with Economic Development Cooperation Fund of the South Korean Eximbank to finance scientific and educational structures with a long-term loan amounting 136 million dollars.
President of Uzbekistan Shavkat Mirziyoyev signed the decree “On measures to attract external assistance to support the population, budget, basic infrastructure and business entities during the coronavirus epidemic”.
Deputy Prime-Minister, Minister of Investments and Foreign Trade of Uzbekistan Sardor Umurzakov and United Nations Conference on Trade and Development (UNCTAD) Secretary-General Mukhisa Kituyi, via videoconference, discussed the prospects of bilateral cooperation that includes attracting UNCTAD’s technical assistance.