NEWS AND EVENTS
January 26, 2016
AL-ANBA: INTERNATIONAL COMMUNITY HIGHLY APPRECIATES UZBEKISTAN’S ECONOMIC POLICY
Al-Anba, the Kuwaiti newspaper, published an article devoted to the modern development of Uzbekistan’s economy.
The article gives a high assessment of our country’s achievements in socio-economic sphere, reflected in the report of the President of the Republic Islam Karimov at the end of 2015 and the major areas of economic program for 2016.
Analyzing the main points of the speech of the head of Uzbekistan, Muhammad Khalil al-Khaled, the author noted that despite the ongoing global financial and economic crisis, the growth of GDP was 8 percent in 2015, and the inflation rate 5,6%, which corresponds to the forecast parameters.
The article drew attention to the conditions, created in Uzbekistan, for attracting investment to projects on modernization, technical and technological renewal of industry, structural changes in the economy. It noted, in particular, that investments in the equivalent of 15,8 billion US dollars was raised and disbursed from all sources of financing for these purposes in 2015, or a growth of 9,5% in comparison with 2014. However, more than $ 3,3 billion, or over 21% of all investments were received from abroad, 73 percent of which was foreign direct investment. It allowed to complete the construction and to provide input 158 large industrial facilities last year.
The author noted that, due to timely measures, the country has tremendous progress in agriculture development. In addition, more than 980,000 work places were created in 2015, more than 60%of which are in rural areas. Over 480,000 college graduates were employed.
The Kuwaiti newspaper gave a positive assessment of the existing good tradition in Uzbekistan, according to which every year is dedicated to a separate social orientation in the country. In this context, it reported that more than 225 million US dollars were allocated in 2015 for the implementation of measures, envisaged in the State Program “the Year of attention and care for the older generation”.
In conclusion, Al-Anba stated that the results of ongoing effective economic policy of Uzbekistan are recognized by specialized international institutions and appreciated by the world community. It is confirmed by the fact that Uzbekistan is currently among the top ten countries in the world, which achieved the best results in improving the business environment for entrepreneurial activity in the last year.
(Source: Jahon Information Agency, Kuwait)