Economic Transformation

Financial sector and its sustainable development is one of the key pillars of any emerging economy, hence, the effectiveness of policies and strategies in this sector, especially in light of the global financial crisis, is crucial for the economy. To this end, CER conducts demand-driven studies on the most challenging issues in the field of macroeconomic, financial and economic development. The Economic Transformation component secures the following activities:

  • Implementation of research projects in the field of macroeconomic, financial and economic development;
  • Introducing new methods of economic analysis and developing innovative models for depicting economic development progress both on sectoral and national levels;
  • Elaborating recommendations on effectively addressing current economic development challenges in the medium and long run.


Housing and utilities reform: issues, challenges, and prospects
January 2013 - January 2014

The monopolistic position of entities that provide utility services at a time when the utility infrastructure is severely worn out have resulted in high costs and low-quality services in the housing and utilities sector.

Improving efficiency of fiscal incentives for modernization projects
June 2012 - February 2013

The main purpose of the research is to evaluate the efficiency of the fiscal incentives for the modernization processes in Uzbekistan, as well as develop recommendations to improve their efficiency.

Microfinance in Uzbekistan: challenges and opportunities
November 2011 - March 2012

The development of the microfinance sector is one of the most important tools for mitigating the negative impacts of the instability inherent in the post-crisis global economy.

Human capital for Sustainable Growth and Development
October 2011 - August 2012

The aim of this research is to develop recommendations on improving the education and re-education system to ensure achieving long-term goals of modernization projects.

International experience in funding general secondary education: lessons for Uzbekistan
April 2011 - October 2011

The review aims at analysis of international experience in funding secondary education and exploration of the impact of the funding system on the key principles of education, such as quality, accessibility, equity.

Teacher shortage and teacher quality in Uzbekistan: a school-level analysis
April 2010 - October 2010
The main objective of this study is the evaluation of the availability of qualified teachers in the Republic of Uzbekistan, as well as developing recommendations ensuring the system of basic education with the sufficient number of qualified teachers.
Adjustments in the Global Financial Architecture - Implications for Policies in Uzbekistan
November 2009 - December 2010

Current project consists of two main components:

1. The global financial architecture reform: accumulation and use of the official reserve assets in Uzbekistan with regard to the changes in the world exchange system (Policy brief). (Policy brief issuing in April, 2010)

2. The global financial architecture reform: formation of the perspectives of the banking sector development in Uzbekistan with regard to the toughening of the prudential regulation on the global financial markets (Policy brief). (January, 2010 – July, 2010)

Finance development, inequality and poverty reduction (evidence from Uzbekistan)
November 2009 - November 2010
The goal of this study is to assess the links between economic growth rates, development of financial sector and the main indicators used to measure qualitative changes in poverty dynamics, namely poverty rates and changes in income distribution.
Global Financial Crisis: Challenges for Employment, Modernization and Sustainable Growth in Uzbekistan
July 2009 - December 2009
The goal of this study is to systematize the main channels of the global recession and its implications on Uzbekistan, reveal challenges facing social development in the long run and explore appropriate approaches for a better policy framework of social economic development.
Study of Legal Standards and Practices of Payment for Services Provided to Foreign Residents in the Republic of Uzbekistan
February 2000 - July 2000
The goal of this project is analysis of results and effects of collecting payments from individual nonresidents of Uzbekistan for paid services provided by country-based enterprises, organizations and institutions in foreign currency and the development of recommendations for improved economic policy in this area.