Uzbekistan partners with IMF to enhance climate risk fiscal analysis

TASHKENT, Uzbekistan, August 12. Deputy
Minister of Economy and Finance of Uzbekistan Umid Abidkhadjaev
held a meeting with a delegation from the International Monetary
Fund (IMF) to discuss the application of the Q-CRAFT (Quantitative
Climate Risk Assessment Fiscal Tool) model for assessing
macroeconomic and fiscal risks stemming from climate change,
Trend reports.

The IMF delegation included Yannick Vel, Regional Public
Financial Management and Fiscal Risks Advisor; Simona Pojar, Public
Financial Management Advisor on Climate Change Issues; and IMF
expert Jyoti Rahman.

The parties noted that in the long term, the Q-CRAFT model will
enable the analysis of various climate change scenarios and their
impact on key macroeconomic and fiscal indicators, including GDP,
budget deficit, and public debt.

The meeting concluded with the announcement of a one-week joint
seminar-training for ministry specialists, dedicated to mastering
the Q-CRAFT model and applying it in analytical work.