International company to evaluate investment climate in Uzbekistan’s regions

Business Materials 30 November 2019 15:38 (UTC +04:00)
International company to evaluate investment climate in Uzbekistan’s regions

BAKU, Azerbaijan, Nov. 30

By Fakhri Vakilov-Trend:

Uzbekistan’s Ministry of Investments and Foreign Trade together with the Boston Consulting Group (BCG) international company will conduct an assessment of the investment climate in Uzbekistan’s regions, Trend reports citing the press service of the ministry.

A meeting with a group of experts from BCG was held at the Ministry of Investments and Foreign Trade.

The meeting was also attended by representatives of the leadership of the Central Bank, the State Committee on Statistics, the Center for the Development of Investment Projects under the Ministry of Investments and Foreign Trade and the Center for the Study of Public Opinion.

The assessment will be carried out in order to further improve the investment climate, attract foreign direct investment and strengthen investor confidence in the state’s consistent policy regarding interaction with foreign partners and support entrepreneurship.

To correctly and objectively compare the results and identify key trends, a rating assessment will be carried out in accordance with the previously developed methodology prepared in conjunction with BCG.

During the meeting, practical measures to implement this initiative were discussed. With the assistance of the Study of Public Opinion, a survey of about 3,000 entrepreneurs will be conducted, and the involved institutions will provide all the necessary statistics for the assessment.

The results of the study will provide an objective description of the economic and investment potential of each region, as well as the strengths and weaknesses of local authorities in terms of creating the most comfortable conditions for investors, which will subsequently be used in planning the work of government bodies in the field, developing regional investment programs and calculating forecast investment attraction indicators.

Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963.

To succeed, organizations must blend digital and human capabilities. BCG’s diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change through leading-edge management consulting as well as data science, technology and design, digital ventures, and business purpose.

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