A meeting between representatives of the Central Bank of the Republic of Uzbekistan, the Ministry of Economy and Finance, and the International Monetary Fund (IMF) was held on the sidelines of the regular meeting of the IMF and World Bank Swiss Constituency.
The Uzbek delegation was represented by Deputy Prime Minister and Minister of Economy and Finance Jamshid Kuchkarov, as well as Chairman of the Central Bank Timur Ishmetov. The IMF delegation was represented by Bo Li.
During the meeting, the participants discussed the current state of Uzbekistan’s economy, ensuring macroeconomic stability, coordinating monetary and fiscal policies, as well as the ongoing reforms of state-owned enterprises and banks.
The Uzbek side provided information on the measures being taken to reduce inflation, maintain high rates of economic growth, and implement structural reforms in cooperation with international financial institutions. Particular attention was given to reducing the state’s share in the banking sector, accelerating privatization processes, and transforming state-owned banks.
IMF representatives positively assessed the economic reforms and macroeconomic policy directions being implemented in Uzbekistan. They emphasized the importance of maintaining a balance between monetary and fiscal policies to ensure sustainable economic growth, continuing tax reforms, and advancing the reform of state-owned enterprises.
The parties expressed their readiness to further strengthen the constructive cooperation between Uzbekistan and the IMF, including continued technical assistance in the areas of macroeconomic policy, tax administration, monetary policy, financial stability, and institutional capacity building.
