Uzbekistan aims to reduce poverty by 50% by 2025 with economic growth and human capital investment
The Ministry of Economy and Finance recently led a roundtable discussion at the International Partnership Initiatives Week in Tashkent, focusing on “Stimulating Sustainable Economic Growth Through Global Cooperation: The Role of Innovation in Expanding Human Capital and Entrepreneurial Opportunities.”
The event brought together prominent global experts and specialists in socio-economic and financial fields, including representatives from the World Bank, Turkish Organization for SME Development, Austrian Economic Cooperation and Development Agency, Hanns Seidel Foundation, and Overseas Development Institute.
Discussions primarily centered on Uzbekistan’s achievements in fostering sustainable economic growth, human capital development, and poverty reduction. Thanks to the country’s national strategy for stable economic growth, Uzbekistan has succeeded in reducing its poverty rate from 23% in 2019 to 11% in 2023, with further plans to lower it to 6% by the end of 2025.
With a dynamic workforce and a growing youth population, Uzbekistan is one of the fastest-growing countries in the region. The country’s focus on investing in education and healthcare is vital to ensure sustainable development and empower the younger generation to actively contribute to the nation’s progress.
Overall, the roundtable highlighted the importance of global cooperation, innovative solutions, and effective policies in driving sustainable economic growth and expanding opportunities for human capital development and entrepreneurship in Uzbekistan.
