The global financial-economic crisis and Uzbekistan

The book by President of Uzbekistan Islam Karimov «The global financial-economic crisis, ways and measures to overcome it in the conditions of Uzbekistan» has been published in Tashkent.

The book consists of two parts. The first part is entitled «Impact of the world financial crisis on the economy of Uzbekistan and factors that have prevented and mitigated its consequences». This part offers the comprehensive analysis of reasons of break-out of the world financial and economic crisis, emerging related acute social and economic problems in international scale, as well as consequences being awaited in the future.
In his book president underscores that the soonest tackling of the world financial crisis and mitigation of its consequences mostly depend on the efficiency and coordination of measures being undertaken within particular states and the world community, as a whole.
The second part of the book is entitled «Support of banking system, modernization, technical renewal and diversification of production, broad introduction of innovative technologies — a reliable way to overcome crisis and securing by Uzbekistan of the new achievements in the world market».
Along with other pressing issues put forward in this part of the book, the author dwells on that taking into account that the Uzbek economy becomes more integrated into the world financial and economic relations, the world crisis, above all, its consequences cannot but have a negative impact on Uzbekistan.
However, despite all emerged problems and difficulties the country has been able to achieve not only stable functioning of economy in 2008, but also ensure its high sustainable growth rates, elaborate the entire complex of measures, and above all, the Anti-crisis program and mechanisms of its implementation.
As it is underscored in the book, the implementation of this program will allow not only to adequately confront the challenges and threats of the world financial and economic crisis, avert its negative impact on the Uzbek economy, but also overcome it with yet more stronger, sustainable and balanced economy, occupy the solid niche at the world markets, secure on such basis the dynamic economic growth, continuous resolution of tasks to further increase the living standards and well being of population of Uzbekistan.
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About Ahmed Islamov

I was born and raised in Uzbekistan and lived in that country for about two thirds of my life. I left the country about 14 years ago but sustained tight bonds with my family and friends living there. I know and communicate personally with hundreds of people including blue-, white- or pink-collar workers. I am naturally very attached to and concerned with everything that is going on there.
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