CASE 5: Uzbekistan: International Development Research Centre

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CASE 5: Uzbekistan

Remittances to Uzbekistan from abroad in 2005 were estimated at about us$790 million, more than double the volume of foreign direct investments in the country. (David Astley)

Evidence-based recommendations lead to better money transfer services for Uzbekistan’s migrant workers.

For migrant workers all over the world, sending part of their earnings home tosupport their families and communities is common practice. Until recently, Uzbek workers living abroad paid fees as high as 10 percent to transfer these funds.Thanks to growing competition, those fees are coming down and recommended innovations are leading to more choices for consumers in Uzbekistan.

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IDRC Digital Library: research outputs from project 103430

Project summaries:

Small Grants Competition for Distribution Sector Research
(103430)

Uzbekistan

Competition Research for Economic Development
CRED is an IDRC project that supports research by competition authorities on competition problems in the context of development.

Document(s)

CASE STUDY: Uzbekistan 2008
Evidence-based recommendations lead to better money transfer services for Uzbekistan’s migrant workers. Open file

Competition Law in Action: Experiences from Developing Countries Taimoon Stewart, Julian Clarke, and Susan Joekes
2007-05-28
This book, released in May 2007, distils the lessons arising from a body of IDRC-financed research for the effective implementation of competition law.

International Money Transfer Services Market in Uzbekistan: Development, Competition and Trends Antimonopoly Policy Improvement Center (Under the State Committee of Republic of Uzbekistan on Demonopolization, Support of Competition and Entrepreneurship). 2005.
This study examines money transfers from Uzbek migrant workers to their families in Uzbekistan. Given that bank penetration among the Ubek population is low, money transfers play an important role in establishing financial links between migrants and their families. This study focuses upon the importance of open markets in the provision of financial services and draws from the results of a population survey to support the contention that monopolistic practices in the financial services industry can have a major impact on social welfare. This conclusion is placed against a background of nascent regulatory reform in Uzbekistan’s financial sector and has implications for governance, competition, open market reforms and social welfare. Open file

Web site(s)

State Committee of the Republic of Uzbekistan on Demonopolozation, Support of Competition and Enterpeneurship
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