Capital Budgeting, Infrastructure, and Capital Investment in the Republic of Uzbekistan

Abstract

This chapter offers a macro-level review of the capital budgeting process and practices, capital investment projects, and capital funding in the post-Soviet Republic of Uzbekistan. The chapter discusses some of the major challenges related to capital investment and capital budgeting that Uzbekistan faced after the collapse of the Soviet Union, how the country has overcome some of these challenges in 27 years of independence, and what issues remain unresolved. The chapter additionally describes the most sizeable and impactful recent capital investment projects and the role government played in their financing. Finally, the chapter provides a comparison between capital budgeting practices in Uzbekistan, some post-Soviet republics, and the United States.