## State Owned Enterprises in Uzbekistan: Issues and Reform Options

_Selected Issues Papers, July 8, 2026_

## Source details

**Canonical URL:** [State Owned Enterprises in Uzbekistan: Issues and Reform Options](https://www.imf.org/en/publications/selected-issues-papers/issues/2026/07/07/state-owned-enterprises-in-uzbekistan-issues-and-reform-options-577571)

## Other formats

- [Markdown version](/en/publications/selected-issues-papers/issues/2026/07/07/state-owned-enterprises-in-uzbekistan-issues-and-reform-options-577571/index.md)
- [Structured JSON version](/en/publications/selected-issues-papers/issues/2026/07/07/state-owned-enterprises-in-uzbekistan-issues-and-reform-options-577571/index.json)
- [Bundle manifest](/en/publications/selected-issues-papers/issues/2026/07/07/state-owned-enterprises-in-uzbekistan-issues-and-reform-options-577571/bundle-manifest.json)

## Bibliographic details
- Authors: Alejandro Simone, Sarvar Ahmedov, Shuyi Wang, Amel Ould-Brahim
- Published: July 8, 2026
- Series: Selected Issues Papers
- DOI: https://doi.org/10.5089/9798229052610.018

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### Overview
- Provides an overview of the role of state-owned enterprises (SOEs) in Uzbekistan, examining their economic footprint, financial performance, and reform trajectory.
- Describes how SOEs play a prominent role in the economy while interacting closely with public finances through various forms of support and the creation of fiscal risks.
- Reviews recent reforms to SOE governance, transparency, and privatization frameworks, and discusses areas of progress and challenge.
- Draws on international experience to conclude that advancing SOE reforms will require clarifying the state’s ownership role, reducing SOE presence in non-strategic and competitive sectors, and strengthening governance, transparency, and incentives in enterprises remaining under state ownership to support private sector-led growth.

### Key findings
- SOEs play a prominent role in the economy and interact closely with public finances through various forms of support and the creation of fiscal risks.
- Recent reforms have targeted SOE governance, transparency, and privatization frameworks, yielding areas of progress and ongoing challenges.
- Advancing SOE reforms is necessary to support private sector-led growth.

### Policy recommendations and reform options
- Clarify the state’s ownership role.
- Reduce SOE presence in non-strategic and competitive sectors.
- Strengthen governance, transparency, and incentives in enterprises remaining under state ownership.

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## Content in this bundle

- **State Owned Enterprises in Uzbekistan: Issues and Reform Options**
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_Source: https://www.imf.org/en/publications/selected-issues-papers/issues/2026/07/07/state-owned-enterprises-in-uzbekistan-issues-and-reform-options-577571_