Uzbekistan takes measures to seriously improve international rankings

Business Materials 8 March 2019 11:55 (UTC +04:00)

Baku, Azerbaijan, March 8

By Fakhri Vakilov - Trend:

Uzbek President Shavkat Mirziyoyev decreed to form a commission to coordinate work with priority international ratings and indices, which will improve the country's position in these ratings, Trend reports via Uzbek media.

A new position appeared in the Ministry of Finance with the same purpose - the Deputy Minister of Finance who will be responsible for working with international ratings and indices, and the new Department for working with international ratings and indexes.

The commission should meet at least once a month, hear reports from ministries and departments and monitor their execution of tasks to improve Uzbekistan in the ratings. It is charged with identifying priorities for ministries and departments to achieve the goals and coordinate their work. A report on the work of the commission will be submitted to the president at least once a month.

The Deputy Minister of Finance, responsible for ratings, will also coordinate the work, and is entrusted with providing guidance to ministries. At government meetings, he is given the role of criticism of the work carried out by ministries to improve positions.

This commission at the Ministry of Finance will be a working body of the commission. It should request data from the responsible ministries compile them and prepare information and analytical materials on the effectiveness of the measures taken. The Office will work directly with organizations, agencies publishing international ratings and indices, Uzbek and international experts, consultants and specialists.

The Commission instructed to invite experts to Uzbekistan, to acquaint them with reforms, to organize participation of experts in actions abroad, the international forums and conferences.

Costs associated with the use of databases of international ratings and indices, obtaining the necessary information materials, engaging agencies, experts and consultants will be covered from the government reserve fund.

In February, Mirziyoyev, concerned about the lagging of Uzbekistan in world rankings, ordered the creation of a National Monitoring System to evaluate reforms in the country for compliance with international criteria and standards. The system is designed to identify the main factors preventing the country from holding high positions in these ratings.

Among other things, the president set the task to raise the country by 2022 in the World Bank and Doing Business International Finance Corporation rankings from the current 76th place to the 20th place.


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