Uzbekistan, a double-landlocked country with almost 35 million people, has been actively promoting the South and Central Asia rail link that will go through its war-torn neighbour Afghanistan, giving it access to the ports of Karachi, Gwadar and Qasim.

President Mirziyoyev issued a decree in October 2020 ordering the full or partial privatisation of over 620 state-owned companies and properties.

The implementation of these projects will help Uzbekistan achieve its goals of increasing the volume of electricity generated by solar energy to 5 gigawatts in the coming years.

Fitch said rating based on majority state ownership, significant systemic importance, capital and liquidity support.

Fitch said rating based on majority state ownership, significant systemic importance, capital and liquidity support.