BAKU, Azerbaijan, June 29. Uzbekistan’s Deputy
Prime Minister and Minister of Financial system and Finance met with
Worldwide Financial Fund (IMF) Deputy Managing Director to
focus on the nation’s macroeconomic outlook, ongoing financial
reforms and nearer cooperation with the Washington-based
lender.
This was mirrored within the assertion by the Ministry of Financial system
and Finance of Uzbekistan, following the assembly between
Uzbekistan’s Deputy Prime Minister and Minister of Financial system and
Finance, Jamshid Kuchkarov and Worldwide Financial Fund (IMF)
Deputy Managing Director Bo Li on June 29.
The assembly befell on the sidelines of the 2026 IMF and
World Financial institution Constituency Assembly and was attended by Central Financial institution
Chairman Timur Ishmetov and officers from Uzbekistan’s Ministry of
Financial system and Finance.
The discussions centered on Uzbekistan’s financial efficiency,
together with GDP development, efforts to curb inflation, keep fiscal
stability and advance structural reforms geared toward strengthening the
nation’s long-term development prospects.
The 2 sides additionally reviewed Uzbekistan’s cooperation with the
IMF below the Article IV session course of, which supplies
coverage suggestions and common assessments of member nations’
financial circumstances.
In keeping with Uzbekistan’s Ministry of Financial system and Finance,
officers highlighted current reforms to strengthen macroeconomic
stability, enhance public monetary administration, modernize tax
administration, reform the banking sector and speed up the
privatization of state-owned enterprises.
The events additionally mentioned the outcomes of the Tashkent
Worldwide Funding Discussion board, efforts to enhance the funding
local weather and measures to broaden private-sector participation in
infrastructure and different strategic sectors of the financial system.
“Sturdy establishments, sound fiscal coverage, dependable
infrastructure and funding in human capital are important
foundations for sustainable long-term financial development,” Bo Li stated
through the assembly.
He additionally careworn the significance of increasing private-sector
exercise, bettering the effectivity of public spending and additional
modernizing Uzbekistan’s tax system to generate further fiscal
assets for schooling, healthcare and different social applications.
In keeping with the ministry, the assembly concluded with an
settlement to strengthen dialogue and broaden technical cooperation
between Uzbekistan and the IMF.
The discussions come as Uzbekistan continues to implement
wide-ranging financial reforms geared toward liberalizing the financial system,
attracting overseas funding and strengthening fiscal and
monetary establishments. The IMF has persistently supported the
nation’s reform agenda by way of coverage recommendation and technical
help, whereas encouraging continued progress in fiscal
self-discipline, monetary sector modernization and private-sector-led
development.
