Uzbekistan: Review of Macroeconomic Policies

by Nathan Hamm on 7/19/2006 · 1 comment

Sunshine Uzbekistan has released a detailed look at Uzbekistan’s macroeconomic policies.. I have only been able to skim it so far, but there is plenty of interesting information contained in the report, including the following concerning inspections, which were mentioned in the last post.

The ultimate objective of the inspections seems to be exposing violations and to applying penalties, rather than preventing penalties and helping entrepreneurs to remedy the violations. Explained by the fact that major inspectorates (Tax and SES inspectorates and the State Inspectorate for Oversight of the Electric Power Industry) use the extra-budgetary funds accumulated through retaining a portion of the penalties imposed on business entities found violationing the regulations. More detailed information of that issue can be found on Appendix II.

The process of selection of enterprises for inspection is absolutely intransparent; however IFC survey indicated direct correlation between the frequency of inspections and the scope of business operations, most inspections (audits and technical inspections) are carried out at enterprises with high annual sales.

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– author of 2991 posts on 17_PersonNotFound.

Nathan is the founder and Principal Analyst for Registan, which he launched in 2003. He was a Peace Corps Volunteer in Uzbekistan 2000-2001 and received his MA in Central Asian Studies from the University of Washington in 2007. Since 2007, he has worked full-time as an analyst, consulting with private and government clients on Central Asian affairs, specializing in how socio-cultural and political factors shape risks and opportunities and how organizations can adjust their strategic and operational plans to account for these variables. More information on Registan's services can be found here, and Nathan can be contacted via Twitter or email.

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{ 1 comment }

Olya July 20, 2006 at 2:32 am

Glad to see such a report.

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