UZBEKISTAN’S FINANCIAL MARKET: GROWTH, CHALLENGES, AND FUTURE PROSPECTS
Keywords:
Uzbekistan, financial market, economic reforms, foreign direct investment (FDI), inflation, Som (UZS), Tashkent Stock Exchange.Abstract
In this piece, an in-depth examination of the financial market evolution in Uzbekistan is presented for the period of 2017 to the present. While analyzing economic indicators, government measures, and research, the author reveals the sources of the economic expansion and identifies the remaining challenges. The results indicate that not only has Uzbekistan attained high GDP growth rates but it has also managed to receive a significant amount of foreign direct investment notwithstanding the weighed-down situation of inflation and the problem with currency stability. To a certain extent, the article infers that the determination of the country to become Central Asia’s financial center will rely on the thorough implementation of structural reforms, the establishment of robust regulations, and the conduct of consistent policies that ultimately win the confidence of the investors.
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