Report of the President of Uzbekistan
Islam Karimov at the Meeting of Government to review the socio-economic
development in 2011 and the priorities for 2012 has stirred widespread debate
in the social, political and expert analytical communities of foreign
countries.
Political
scientist, Professor Catherine Pujol from French National Institute of Oriental
Civilizations said the figures provided in the report point to steady and
sustained economic development of the country.
Economic
and social indicators achieved in Uzbekistan are highly appreciated
by international financial institutions, including the IMF, World Bank, Asian
Development Bank and others. The sustained economic growth in Uzbekistan, which
amounted to 8.5% for the last five years serve as evidence of the correctness
of the tactics and strategy of the government of the republic in overcoming the
effects of the global economic crisis and its impact on the national economy.
A special mention should be made on the
development of the banking sector of the republic, who were also highly rated
by reputable international rating agencies such as the Standard & Poor's,
Moody's and Fitch Ratings, which for the second consecutive year assign stable ratings
to the banking system of Uzbekistan.
As a representative of the French high school,
I wanted to highlight the enormous attention given by the leadership of the
country to multi-faceted development of social and cultural sphere and education.
The fact that the country's State Budget for 2012 is scheduled to send more
than 60% of total expenditure on social services and social support, tells
about a heavy social component of ongoing programs in Uzbekistan. The
most important achievement of Uzbekistan
in this area is formation in the Republic of an integral continuous system of
education, which includes the entire cycle of highly educated and
professionally trained young generation. By investing in education, Uzbekistan
contributes to the future, further economic progress and social well-being, the
expert said.