Uzbekistan and IMF set stage for economic reforms and long-term co-op

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:

Macroeconomic development and stability, including GDP growth
and the steady reduction of inflation;

Economic transformation and privatization efforts;

Development of energy markets and the strengthening of
market-based relations in the energy sector;

Public-private partnership (PPP) projects, such as electricity
supply initiatives and improvements to transport infrastructure,
including the construction of modern airports and highways;

Support for the tourism sector and the creation of new
employment opportunities;

Enhancement of tax and customs administration;

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.