Baku, Azerbaijan, Oct. 17
By Fakhri Vakilov - Trend:
Uzbekistan’s Ministry of Finance, together with representatives of the World Economic Forum (WEF), are working to include the country in the Global Competitiveness Index (GCI), Trend reports citing the press service of Ministry of Finance.
The World Economic Forum’s GCI evaluates the economic potential as well as the ability of the state to provide a certain standard of living for citizens. The indicator, in turn, demonstrates the degree of efficiency in the use of available resources by the state.
However, Uzbekistan is not included in the Global Competitiveness Index.
WEF representatives argue that the procedure will take a long time.
At the first stage, by January 1, 2020, the WEF chooses for cooperation one of the non-governmental research institutes, private universities or agencies whose activities are carried out in Uzbekistan. Organizations selected by the GCI should conduct a series of surveys among representatives of small business, large corporations, joint-stock companies, as well as agencies (branches) of foreign companies operating in Uzbekistan.
Furthermore, the WEF partner organization in Uzbekistan should report on the results of surveys in the WEF conducted in 2020.
First, the WEF should analyze the reliability of the survey results and how close the results are to the real indicators of Uzbekistan.
Secondly, experts need to observe and analyze any changes in these indicators over 2 years.
Taking into account the fact that the process of accession of Uzbekistan to the GCI takes two years, it is expected that the country will join the index from 2021, subject to the above conditions for cooperation with the World Economic Forum.
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