BAKU, Azerbaijan, November 12. Uzbekistan
intends to increase the private sector’s share of GDP to 60 percent
by 2030, the Director of the Department for Analysis, Support, and
Coordination of State Policy on Small and Medium Business
Development at the Ministry of Economy and Finance of Uzbekistan,
Timur Khusanov, said, Trend reports.
He made this remark at the presentation of the Asian Development
Bank (ADB) report “Monitoring Small and Medium-sized Enterprises in
Asia 2025” (ASM 2025) in Baku.
“We are all involved in the development of micro, small, and
medium-sized enterprises, and this is of particular importance for
Uzbekistan,” Timur Khusanov noted. “Today, our country’s population
is about 38 million people, and most of them are young people.
Small and medium-sized businesses play a key role in the economy,
with the private sector accounting for about 54 percent of GDP, and
this figure continues to grow.”
According to him, Uzbekistan’s strategic goal is to increase the
private sector’s share of GDP to 60 percent by 2030.
“This is an ambitious goal and a serious challenge for our
ministry, our agencies, and our enterprises. We have already made
two attempts to develop an SME development strategy, and we now
have a clear vision and mission thanks to our cooperation with the
Asian Development Bank, which has provided us with three experts,”
he emphasized.
Khusanov added that the ministry will continue to work actively
on improving the state policy of support for SMEs, which will be an
important step towards sustainable economic growth.
