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The government will track progress on the proposals and report directly to President Shavkat Mirziyoyev after the Tashkent International Investment Forum.
EuronewsUzbekistan plans to prepare a formal roadmap based on 120 recommendations submitted by foreign investors. The proposals were presented during a meeting of the Foreign Investors Council held alongside the final day of the Tashkent International Investment Forum. The government will monitor implementation of the recommendations and report progress directly to President Shavkat Mirziyoyev.
The proposals cover sectors ranging from banking and energy to artificial intelligence, capital markets and corporate governance. President Shavkat Mirziyoyev stated that recommendations from foreign investors had already contributed to changes in tax legislation, financial regulation and reporting requirements for international companies operating in Uzbekistan.
"The investors' proposals are being translated into practical government policies," he told participants.
According to the president, the Foreign Investors Council has expanded from 54 to 85 member companies over the past year and now represents businesses operating across 23 sectors of the economy. The council's executive committee includes representatives from the European Bank for Reconstruction and Development, the Asian Development Bank and the International Finance Corporation.
Among the reforms under discussion are plans to establish the Tashkent International Financial Centre and adopt a constitutional law governing its operation.
Uzbekistan has also begun the process of joining the OECD Declaration on International Investment and Multinational Enterprises. During talks with EBRD President Odile Renaud-Basso, the two sides reviewed a partnership portfolio worth more than $7 billion, making Uzbekistan the bank's largest partner in Central Asia.
New agreements were signed covering sustainable transport, railway digitalisation, entrepreneurship, housing finance and support for the country's startup ecosystem.
President Shavkat Mirziyoyev also met Dilma Rousseff, President of the New Development Bank, to discuss future cooperation in energy, water management, transport infrastructure and private-sector development. The bank expressed interest in supporting environmentally focused projects as well as regional transport corridors.
Eduards Stiprais, the European Union's Special Representative for Central Asia, said international companies continue to raise concerns about regulatory predictability and the stability of legal frameworks.
"Most complaints which are coming [are about] the often-changing legislation," he said. " Julia Hoggett, Chief Executive Officer of the London Stock Exchange, said international investors tend to evaluate emerging markets through the lens of economic stability, regulatory consistency and legal protections.
"The thing investors really want to know is that they'll put their money in and that they'll get their money back," she said.
Benedict Macon-Cooney said countries seeking to benefit from the AI economy must focus not only on adopting new technologies but also on building the infrastructure needed to support them. "Companies need to think about data as their competitive asset, and nations need to think of data as their strategic asset," he said.
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