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Importance of the topic of the course work. Uzbekistan has carefully transitioned from a centrally planned to a market economy since gaining independence in 1991. Understanding that foreign direct investment can help Uzbekistan grow and evolve while also removing the country’s change to a market-based economy and integration into the global economy, the country has welcomed foreign investors. Foreign direct investment boosts fixed capital formation and has a positive impact on the balance of payments because it represents an inflow of foreign capital. Investors have shown a keen interest in Uzbekistan’s manufacturing sector, with the hope of increasing the quality of these facilities. Above all, an FDI kit brings together science, technological, and managerial skills. Quite significantly, an FDI brings science, technological, and organizational skills to Uzbekistan, which are crucial for the country’s industrial transformation.
Uzbekistan has demonstrated stable economic development in recent years, reporting 6.6% GDP growth in 2020. The government of the country is continuing to introduce large-scale economic reform policies aimed at boosting development by modernizing state-owned monopolies and establishing a favorable environment for private and foreign direct investment.
In November 2019, President Shavkat Mirziyoyev created the Council of Foreign Investors, a body where executives and representatives of foreign companies, banks, investment companies, international financial institutions and foreign government financial organizations will be given the opportunity to improve the investment climate. And in speech of president of the Republic of Uzbekistan which addressed to the Oliy Majlis Shavkat Mirziyoyev admit that Investment inflow has considerably grown. Foreign direct investments amounted to 4.2 billion US dollars, which is $ 3.1 billion or 3.7 times as much as in 2018. The share of investments in gross domestic product reached 37 percent. For the first time, Uzbekistan received an international credit rating and successfully placed $ 1 billion worth of bonds on the global financial market. For the first time in 10 years, our countrys position in the credit risk rating of the Organization for Economic Cooperation and Development has improved .
The purpose of the course work topic. Study the structure, goals and objectives of regional and international financial institutions, theoretical and practical analysis of some of their financial activities and make important proposals and conclusions to raise the investment climate in Uzbekistan to a new level.
Uzbekistan has the potential of becoming one of the strongest economies in the post-Soviet region, with a population of over 34 million people the largest in Central Asia rich natural resource reserves, and considerably well-developed infrastructure. During the reporting period, policy priorities centered on increasing Uzbekistan’s investment attractiveness, including the introduction of a new currency regulation law to ensure the freedom of existing cross-border and capital movement transactions; a new law on investment activities to protect foreign investors’ rights; and a new tax code with lower and more fair tax rates and reporting criteria have been improved.
Above we talk about investment policy but at first we should know what is it. Investment policy- it is an integral part of the financial policy of the state, which is a set of methods and measures to attract, distribution and effective use of domestic and foreign investment resources.
Investment policy a set of interrelated measures to ensure the required level and structure of investments in the economy of the Republic of Uzbekistan and its individual sectors, increase investment activity of investment entities aimed at finding sources of investments and identifying priority sectors for their use.
The purpose of the state investment policy – the implementation of structural reforms in the economy, GDP growth, higher living standards and welfare of the population through the mobilization and effective use of investments.
The main areas of investment policy of the Republic of Uzbekistan are:
Creating and improving the regulatory framework of investment activities in Uzbekistan;
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