Improving the Legal Environment for Business and Investment in Central Asia
Progress Report
While Central Asia has proven relatively resilient to the shocks of COVID-19, China’s
slowdown and Russia’s war in Ukraine, declining trend rates of growth across the region,
lacklustre productivity performance and lingering global uncertainty underscore the
need to address weaknesses in the business and investment climate. The implementation
of predictable rules, the creation of a level-playing field between firms and greater
competition in markets, in particular, could encourage both local entrepreneurs and
foreign investors to invest and grow in the region. This report presents an assessment
of progress since the 2019-2020 analysis of the legal environment for business and
investment in Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan against
the backdrop of the changing international context brought about by COVID and the
war.
Published on December 13, 2023Also available in: Russian