What reforms is Uzbekistan implementing for global investment?

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Uzbekistan is implementing a comprehensive reform agenda aimed at attracting global investment through economic liberalisation, financial innovation, and enhanced regional connectivity.

Uzbekistan is actively pursuing reforms to position itself as a central hub for capital, technology, and financial connections across Central Asia. This strategic initiative involves deepening market-oriented reforms, reducing state intervention in the economy, and fostering private sector growth. The country is also focused on achieving investment-grade credit ratings and completing its accession to the World Trade Organization, signalling a commitment to global economic integration and creating a more attractive environment for both domestic and international investors.
Economic Transformation and Market Liberalisation

The nation's economic transformation is marked by a decade of structural reforms that have tripled the size of its economy. The ongoing commitment is to further reduce the state's footprint in economic activities, thereby strengthening the role of the private sector. This approach aims to unlock greater potential for domestic and international investors by creating a more dynamic and competitive market landscape.
Financial Innovation and Digitalisation Drive

Uzbekistan is making significant strides in financial innovation, driven by Presidential Decree PQ-359 and the National FinTech Strategy. These initiatives are promoting open banking, digital payments, and financial technology advancements, with a clear target of attracting US$1 billion in fintech investment by 2030. The adoption of digital payments has seen a substantial increase, rising from 39% in 2021 to 71% in 2025, underscoring the rapid digitalisation of the economy.
Regional Connectivity and Global Integration

A core objective of Uzbekistan's reform agenda is to enhance financial connectivity across Central Asia and integrate more deeply into the global economy. The country is working to establish interoperable payment systems, facilitate cross-border settlements, and build infrastructure that can connect national financial systems. This ambition extends to recasting the historic Silk Road for the digital age, focusing on the movement of money, capital, and data between Central Asia and markets in the Middle East, China, South Asia, and Southeast Asia.
Islamic Finance Development

Uzbekistan is also tapping into the global Islamic finance market, which holds approximately US$6 trillion in assets. A new Islamic banking law, effective from June 2026, establishes the first legal framework for Shariah-compliant banking in the country. This move is intended to position Uzbekistan as a bridge connecting Central Asia with established Islamic finance markets in regions such as the Gulf, Türkiye, South Asia, and Southeast Asia.

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What reforms is Uzbekistan implementing for global investment?

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