The influence of the world bank on the economic development of the republic of Uzbekistan

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Аннотация

This article examines the phenomenon of economic development in Uzbekistan in recent years: increased activity of international financial organizations in the republic has ensured high rates of economic growth due to liberalization of the country’s external sector, but has not made this growth more inclusive and sustainable. The example of Uzbekistan shows that the influence of the World Bank on the economic policy of developing countries is limited. It increases when their governments turn to international organizations for loan financing while experiencing shortages of domestic financial resources to stimulate economic growth. The World Bank can insist on reforms to increase the integration of their economies into the global economy and on transforming some particular sectors. However, structural transformation of the economy is possible only if the appropriate policy is followed by the government.

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Авторлар туралы

Yekaterina Romanchuk

Institute of Economics (RAS)

Хат алмасуға жауапты Автор.
Email: kate.romanchuk@ya.ru

Postgraduate Student, Junior Researcher

Ресей, Moscow

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1. JATS XML
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2. Fig. 1. IDA country ranking in 2023.

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3. Fig. 2. Indicators of the quality of economic systems of the Central Asian countries

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4. Fig. 3. Dynamics of gross national income per capita of the Central Asian countries (according to the Atlas method), in current prices, dollars.

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5. Fig. 4. GDP growth in the countries of Central Asia and the Caucasus, in %

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6. Fig. 5. Main macroeconomic indicators of the Republic of Uzbekistan in the first half of the 2010s

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7. Fig. 6. Sources and amounts of financing for projects approved by the World Bank in the territory of the Republic of Uzbekistan, million USD.

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8. Fig. 7. Amounts of funds received by Uzbekistan for the purpose of promoting the country’s economic development, in constant prices, million USD.

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9. Fig. 8. Shares of donors in the volume of funds received by the republic for the purpose of promoting the country's economic development

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10. Fig. 9. External debt of Uzbekistan

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11. Fig. 10. Analytical presentation of the current account of the balance of payments of the Republic of Uzbekistan

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12. Fig. 11. Commodity structure of exports from Uzbekistan

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13. Fig. 12. Comparison of Uzbekistan’s indicators in the IDA rating for 2016 and 2023.

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14. Fig. 13. Index of economic freedoms in Uzbekistan

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15. Fig. 14. Withdrawal of funds on external government and government-guaranteed debt, billion dollars.

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