Uzbekistan: Impact of the world financial crisis

Publication Date	February 2009
Publisher	AFS Research
Product Type	Report
Pages	22
ISBN Number	not applicable
Product Code	AFS00001

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Summary

This analytical report will provide you with vast information on the current state of Uzbekistan economy and various aspects of the world crisis impact on it, as well as its basic indicators forecast, including:

Overview of Uzbekistan economy and the basic factors underlying its growth;
Specifics and peculiar features of Uzbek financial and economic system;
Basic financial and economic indicators dynamics for last four years and the forecast of these indicators that takes into account influence of the world financial crisis on Uzbekistan;
Investment opportunities and export / import potential of the country;
World financial crisis impact on the real economy sector of Uzbekistan;
Crisis impact on working migration and employment issues;
Crisis impact on the financial sector of a national economy;
Overview of the International Financial Institutions activity in Uzbekistan;
The review of the investment program of the country and activity of the major foreign investors in Uzbekistan in the conditions of global financial crisis;
The impact on Uzbekistan of the stagnation of economies of the countries that are its major trade partners;
Influence of the crisis, including natural resources price reduction, on the foreign trade balance of the country and its economy as a whole;
Measures taken by the Republic of Uzbekistan government to soften the crisis impact on a national economy and to mitigate its consequences.

Content

Overview
Table 1. Economic indicators

Uzbekistan is a resource-rich but poor country
Main growth drivers
Inflation

Real Economy
Uzbekistan’s GDP and its composition
Manufacturing
Agriculture
Natural and raw material resources of Uzbekistan
Table 2: Industries’ production volume for period of Jan-Sep 2008

Natural resources potential
Gold exploration
Table 3: Structure of investments into Uzbek economy industries

Financial Sector
Uzbek banking system
Commercial banks

Credit Unions and Microfinance Organizations
International Financial Institutions in Uzbekistan

Money remittances and working migration
Convertibility issue

Interest rates
Exchange rates

UZSE
Table 4: Most liquid stocks
Table 5: Most liquid banking stocks

Commodities and Raw Materials Export /Import
Top 5 trade partners
Russia
Table 6: Top 10 trade turnover countries
Table 7: Export / Import structure

Ukraine

Kazakhstan

China
Korea
17 Crisis impact on export and import

International Companies and Organizations
Investment plans for 2009:Chinese CNPC, Korean KOGAS, Russian Lukoil, Gazprom and Swiss Zeromax GmbH
UZAIG
GM Uzbekistan
RBS

Global Crisis and Government’s Reaction
Program of real sector support
Increase of capitalization level and financial stability of real economy sector
Population deposits protection guarantee at commercial banks of Uzbekistan
Agriculture sector and food prices
Taxation changes

Uzbek president: Uzbek economy is protected from global financial crisis
Uzbek president signs a decree to set Navoi region as free industrial and economic zone
Uzbekistan 2009 budget basic parameters

Conclusion