The government of Uzbekistan has announced a new phase of economic reforms aimed at boosting the country's global competitiveness and attracting foreign investment.

President Shavkat Mirziyoyev stated that the reforms include simplifying the tax system, privatizing state-owned enterprises, and supporting small businesses. These measures are expected to accelerate economic growth and improve living standards.

Experts note that the success of the reforms largely depends on the speed and efficiency of their implementation. However, some analysts point out that bureaucratic hurdles and corruption remain significant obstacles.

The Uzbek government plans to strengthen cooperation with international financial institutions, including the World Bank and the Asian Development Bank, to expedite the reforms.

Source: uznews.uz