Uzbek official said the state realization of regional and national anti-crisis programmes, huge expenses on their implementation still do not guarantee stabilization of the world financial market, growth of demand and revival of economic activity in industrial sphere.

The situation is being aggravated also with that many largest countries pursue a policy of protectionism and restriction of access of goods from developing countries to their markets, despite all public assurances about unacceptability of such restrictions in trade, he said.

Uzbek minister said to overcome the global crisis and mitigate its consequences, it is necessary to develop new rules of financial market regulation that meet modern requirements, on ensuring more rigid control over the efficient use of enormous state and corporate financial assets by transnational and national bank structure in order to avoid new wave of inflating bubbles and a collapse in the commodities and stock markets.

Speaking about measures on overcoming of the global crisis and mitigating its consequences in Uzbekistan, Norov said the Uzbek model of transition from centralized and ideological system to free market and anti-crisis programme for 2009-2012 played key role in stable and successful development of the country.

Foreign Minister said the measures ensured the macroeconomic stability, steady annual rates of economic growth on average 8-9%, low rates of inflation and wide-scale attraction of foreign investments, increase of the real level of population incomes have been ensured in the country for over the last years.

Uzbek official said that Uzbekistan achieved that the gross domestic product of the country grew by 8.2% in the first half of 2009.