Coverment and economy

Uzbekistan's lack of currency convertibility has caused foreign investment inflows to dwindle to a trickle, in fact Uzbekistan has the lowest level of FDI in the CIS. Since Uzbekistan's independence, U.S. firms have invested roughly $500 million in Uzbekistan. Large U.S. investors include Newmont, reprocessing tailings from the Muruntau gold mine, Case Corporation, manufacturing and servicing cotton harvesters and tractors; Coca Cola, with bottling plants in Tashkent, Namangan and Samarkand; Texaco, producing lubricants for sale in the Uzbek market; and Baker Hughes, in oil and gas development. No large new investments have taken place from the U.S. in the last 5 years.

• Uzbekistan's lack of currency convertibility has caused foreign investment inflows to dwindle to a trickle, in fact Uzbekistan has the lowest level of FDI in the CIS. Since Uzbekistan's independence, U.S. firms have invested roughly $500 million in Uzbekistan. Large U.S. investors include Newmont, reprocessing tailings from the Muruntau gold mine, Case Corporation, manufacturing and servicing cotton harvesters and tractors; Coca Cola, with bottling plants in Tashkent, Namangan and Samarkand; Texaco, producing lubricants for sale in the Uzbek market; and Baker Hughes, in oil and gas development. No large new investments have taken place from the U.S. in the last 5 years.

The economy of Uzbekistan was formerly associated with a Soviet-style command economy, with a slow transformation to a market economy.[16] However, in recent years and since the election of President Shavkat Mirziyoyev the country has seen rapid economic and social reform, aimed at boosting growth and transforming Uzbekistan into a true, modern market economy.[17] International Financial Institutions, including EBRD, Asian Development Bank and the World Bank are actively engaging in supporting Uzbekistan's successful reform process and have rapidly increased their presence in the country.[18]

• The economy of Uzbekistan was formerly associated with a Soviet-style command economy, with a slow transformation to a market economy.[16] However, in recent years and since the election of President Shavkat Mirziyoyev the country has seen rapid economic and social reform, aimed at boosting growth and transforming Uzbekistan into a true, modern market economy.[17] International Financial Institutions, including EBRD, Asian Development Bank and the World Bank are actively engaging in supporting Uzbekistan's successful reform process and have rapidly increased their presence in the country.[18]