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Home › Press › Central Asia awaits OECD reforms
22.05.202423.05.2024

Central Asia awaits OECD reforms

In recent years, the OECD has been actively involved in the problems of the economy of the countries of Central Asia, implementing more than a dozen projects. This review brings together recommendations prepared by the OECD for countries in the region.

The countries of Central Asia traditionally include Kazakhstan, Kyrgyzstan, Mongolia, Tajikistan, Turkmenistan and Uzbekistan. Almost all of the countries listed above have demonstrated high rates of economic growth since 2000.

However, economic growth in Central Asia has been overwhelmingly driven by the export of primary goods and labor, and is therefore not sustainable or reliable. In recent years, there has been growing talk about the need to overcome Central Asia’s dependence on mineral exports, improve the business climate and strengthen human capital.

This review, prepared by the OECD, draws on the experience of a series of projects carried out in these countries over the past few years. For each country, an example of a situational analysis is presented, reflecting one of the three reform areas proposed by the OECD to move towards inclusive and sustainable growth: improving governance tools, developing trade and transport infrastructure and improving the business climate.

Media source: https://globalcentre.hse.ru/news/216292805.html

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Lasitique is an independent investment company investing in small and medium-sized companies, as well as participating in state and national projects in Central Asia. We are the conductors and financiers of projects that can benefit from improved growth strategies in international markets. Best selection of financial funds and the most profitable projects in Kyrgyzstan, Uzbekistan, Tajikistan, Turkmenistan and Kazakhstan.

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