IMF Publishes Concluding Statement for 2024 Article IV Consultation

The International Monetary Fund (IMF) mission has completed the Article IV consultation for 2024. The government highly appreciates the constructive dialogue and comprehensive analysis provided by the IMF team regarding the current economic situation and recommendations for Uzbekistan.

The IMF's conclusions highlight a number of key achievements and current challenges facing our economy. Significant progress has been noted in areas such as macroeconomic stability, fiscal prudence, and structural reforms aimed at improving the business environment and stimulating private sector growth.

Key highlights from the IMF report include:

Economic Growth: Uzbekistan's economy continues to demonstrate resilience, with robust growth rates supported by strong policy frameworks.

Inflation Control: The report acknowledges efforts in monetary policy aimed at controlling inflation. The Central Bank of Uzbekistan continues to refine its monetary policy strategy to ensure price stability and maintain inflation within target levels.

Fiscal Policies: The IMF supports our strategy to maintain sustainable fiscal policies that balance development needs with debt sustainability. Fiscal reforms have played a key role in increasing transparency, improving public financial management, and facilitating effective resource allocation.

Structural Reforms: Significant progress has been made in structural reforms, particularly in improving the regulatory framework, which has enhanced the business conditions in Uzbekistan. Ongoing reforms in key sectors such as energy, agriculture, and banking are crucial for increasing competitiveness and attracting foreign investments.

Social Spending: The report emphasizes the importance of continuing investments in social sectors to reduce disparities and support human capital development.

The full report is available at the following link:

IMF Publishes Concluding Statement for 2024 Article IV Consultation

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