The foreign experts, business and scholarly circles around the world continue to actively comment on the book by President Islam Karimov “The global financial-economic crisis, ways and measures to overcome it in the conditions of Uzbekistan”, which was published in Tashkent in March this year.

Among them there is a chairman of the Chamber of Commerce and Industry of Italy Luigi Iperti, who spoke on the Uzbek Leader’s recent book as follows:

“Uzbekistan occupies a strategically important location in Central Asia. When we speak about Uzbekistan then we always imagine its ancient cities of Samarkand, Khiva and Bukhara.

The global crisis, which has severely struck the financial institutions, banks and stock exchanges, has led to a sharp decline in capital inputs, demand and international trade, and consequently, decline in the volumes of industrial production and employment.

Uzbekistan is also a participant of the process of globalization, and in this regard, it experiences a particular decrease in profits due to the fall of export prices for raw and industrial goods. However, as a result of the right economic policy, and particularly, the independence of economy from external loans, positive balance of trade balance and development of domestic consumption, the negative consequences of crisis on social and economic situation in the country have been minimized.

The book offers the data on positive results, which have been secured by the country in 2008. In particular, I would like to note the GDP growth, which has accounted for 9 percent, the growth of industrial sector by 12,7 percent and consumer goods – by 17,7 percent. The exports grew by 28,7 percent, the state budget has been over-executed, and instead of envisaged deficit it has been able to have a surplus in the amount of 1,5 percent towards the GDP. These are the impressive figures.

Uzbekistan’s Anti-crisis program envisages the modernization of the system of production, large-scale privatization, assistance to small and medium businesses by way of allocating loans and rendering benefits. A special emphasis is made in the Program towards introducing innovations and latest technologies to industries.

The Program also envisions the construction of the new infrastructure in the countryside area and betterment of agricultural production. Such practices will substantially contribute to making of the GDP and providing for employment of the majority of the country’s population.”

Information Agency “Jahon” with Ikboljon Soliev contributing in English

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