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Title: Uzbekistan: Economy

Essay Details

Subject: History
Author: Patricia H
Date: November 14, 2015
Level: University
Grade: A
Length: 5 / 1395
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

The IMF suspended Uzbekistan's $185 million standby arrangement in late 1996 because of government steps to the negative external conditions generated by the Asian and Russian financial export and currency controls within its already largely closed economy. Economic policies that have repelled foreign investment are a major factor in the economy's stagnation...

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Economic policies that have repelled foreign investment are a major factor in the economy's stagnation. A growing debt burden, persistent inflation, and a poor business climate led to disappointing growth in 2001. However, in December 2001 the government voiced a renewed interest in economic reform, seeking advice from the IMF and other financial institutions (World 7)...

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