The government of Uzbekistan plans to accelerate economic growth and implement new reforms in 2024. Under President Shavkat Mirziyoyev's leadership, a set of measures has been developed aimed at diversifying the economy, developing the private sector, and attracting foreign investment.

In 2023, GDP growth stood at 5.5%, and the target for 2024 is 6%. Special focus is placed on major projects in energy, transport, and agriculture.

Economic reforms include simplifying the tax system, privatizing state-owned enterprises, and improving the competitive environment. Special programs are also being designed to support small and medium-sized businesses.

However, achieving economic growth requires addressing several challenges, such as reducing inflation, stabilizing the currency market, and fighting corruption.

International financial institutions, including the World Bank and the IMF, positively assess Uzbekistan's economic reforms. However, they note that systemic changes are needed to maintain growth rates.

Overall, 2024 is expected to be a crucial test year for Uzbekistan's economy. The government's success in implementing reforms will determine the country's future economic stability.

Source: www.aljazeera.com