TASHKENT, Uzbekistan, November 19. Uzbekistan and the International Monetary Fund (IMF) held discussions on strengthening cooperation, reviewing the country’s economic developments, including macroeconomic indicators, forecasts, established targets, and future plans, Trend reports via the country's Ministry of Economy and Finance.
The issues were thoroughly discussed in a meeting between a delegation headed by Yasser Abdih, the head of the IMF mission to Uzbekistan, and Jamshid Kuchkarov, the Deputy Prime Minister and Minister of Economy and Finance of Uzbekistan.
During the discussions, the parties focused on several key areas:
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Macroeconomic development and stability, including GDP growth and the steady reduction of inflation;
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Economic transformation and privatization efforts;
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Development of energy markets and the strengthening of market-based relations in the energy sector;
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Public-private partnership (PPP) projects, such as electricity supply initiatives and improvements to transport infrastructure, including the construction of modern airports and highways;
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Support for the tourism sector and the creation of new employment opportunities;
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Enhancement of tax and customs administration;
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Strengthening efforts to combat the shadow economy.
Meanwhile, earlier in October, the IMF upgraded its forecast for Uzbekistan’s real GDP growth in 2025 to 6.8 percent, up from the 5.9 percent projected in its April outlook.