Vision-2030 of Uzbekistan: Socioeconomic Transformation and Regional Cooperation

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Presidential elections were held in Uzbekistan in October 2021. His excellency Shavkat Mirziyoyev emerged victorious with a vast majority in these elections. The results of these elections basically, cogitate the people’s firm assistance for the course of reforms and transformations in the Republic of Uzbekistan. Under the leadership of Shavkat Mirziyoyev, the “New Uzbekistan” strategy has been developed for upgrading the life of the Uzbek people and for bringing a new level of development to the country. The president visualizes Uzbekistan as the center of Central Asia. Moreover, through the active diplomacy and visionary leadership skills of the president, Uzbekistan has been undergoing a rapid economic pace and has also built up the strategy of greater trans-regional connectivity. This strategy of connectivity is not confined only to Central Asia rather its prime focus is on the establishment of a bridge between South and Central Asia by keeping the significance of the geo-economic and geo-political piers under consideration.

Shavkat Mirziyoyev’s government also apprehends the significance of the energy sector of the country as the nation is naturally bestowed with considerable energy resources. This is the reason that the energy sector accounts for almost 72 percent of the government’s investment program. For the sustainable development of the energy sector, the government has already initiated several steps such as the construction of GTL plants, securing foreign investments for the exploration and development of new gas and oil fields, and initiating programs that would lead to the modernization of the energy sector. So, the sustainable development of the energy sector under the Economic Development vision 2030 is considered to be key as the government aims to transform Uzbekistan into an industrialized upper-middle-income country through policy dialogue and long-term strategy by 2030.

To achieve the goals outlined in the 2030 agenda of sustainable development the government is keen to improve public welfare and address pressing social and economic challenges faced by the country. For this purpose, the government has initiated a large-scale economic liberalization process to strengthen the national economy. The government has already started developing the institutional and legal framework for the establishment of public-private partnerships in line with the target of the 2030 agenda. To achieve economic transformation the government of Uzbekistan has also collaborated with the World Bank to undertake enormous economic transformation. Rules, laws, and guidelines have been taken on and are being brought consistently into power, as are extensive very much planned projects that adopt another strategy to getting sorted out the national economy to its further liberalization, working on its legitimate structure, and modernizing and diversifying production as well. These broad economic reforms would help in the promotion of greater transparency and accountability leading to better public services for the citizens of the country.

The objective of modernizing the economy can’t be accomplished without foreign investment in the country. Rapid apparent progress is needed to achieve the reform course and its sustainability. Therefore, the foreign policy of the country is focused on making Uzbekistan appealing to foreign investors and introducing the country as a trustworthy accomplice of global standing. The reform process is underway thoroughly, striving to liberalize the economy and society.

The government has also initiated social reforms which is another key component of the national policy of the country. For this purpose, the government has started to implement approved programs including the construction of affordable housing using innovative designs and offering subsidized mortgages. Moreover, Shavkat Mirziyoyev’s reforms agenda includes reforms in the judiciary, public administration, health, education and social protection reforms, security, and constructive foreign policy as well. The period of these persistent reforms under the leadership of President Shavkat Mirziyoyev is considered a new stage in the development of Uzbekistan. Moreover, the Uzbek citizens are now expected to actively participate in the national reforms as well. These reforms of the government have encompassed all spheres of social and political life under the country’s vision of socio-economic transformation and regional cooperation by 2030.

The current government in Uzbekistan has also outlined the strategy for transition to a green economy by 2030. This strategy aims to enhance the energy efficiency, deliberate consumption, and maintenance of natural resources, ensuring access to green energy, curtailing the emissions of greenhouse gases, creating green jobs, and ensuring climate resilience as well. For the successful implementation of this strategy, the government is focused on the development of a climate monitoring system and also on the establishment of mechanisms to stimulate green governmental attainment by developing adequate specifications and setting up the certification system for the energy efficiency of goods and services in the country.

Recently, under the leadership of Shavkat Mirziyoyev, Uzbekistan and the Islamic Development Bank have endorsed six new investment projects in multiple fields. Until now, the ISDB group has supported more than 100 projects in Uzbekistan that are aimed at the socio-economic development in the country. These investment projects are mostly related to education, improving the quality of life in rural regions, supporting small and medium-sized enterprises, and in the sector of healthcare. The Uzbek’s government strategy is to achieve these goals sustainably ultimately aiming at the promotion of shared prosperity, expansion of the middle class, elimination of poverty, and create quality jobs for its citizens as well. Moreover, an executive order has also been issued by President Shavkat Mirziyoyev to create the framework for expanded cooperation between Uzbekistan and ISDB. The agreement known as Economic Empowerment Fund for Uzbekistan has also been signed between the ISDB and the government of Uzbekistan aiming at project financing and development funding in Uzbekistan. President Shavkat Mirziyoyev sees this cooperation with ISDB as evidence of the success of the country’s reform agenda and as a sign to contribute to the development of the wider Islamic world in the coming years.

CONCLUSION:

Shavkat Mirziyoyev the President of the Republic of Uzbekistan has initiated various structural reforms under vision 2030 to enhance the economic potential of the country. The prime focus of his visionary leadership is on greater regional connectivity and shifting Uzbekistan from “Isolation” to Integration through his active diplomacy. He also pays special attention to combatting climate change, protecting the environment and biodiversity as well. It is thought that the “New Uzbekistan” of Shavkat Mirziyoyev is going to become a country of democratic transformations, big opportunities, and practical deeds. All of these visionary approaches of Shavkat Mirziyoyev’s government pursue a single goal of building a New Uzbekistan to ensure a better life for every citizen of the beautiful homeland.

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