IMF Staff Country Reports

Republic of Uzbekistan: 2025 Article IV Consultation-Press Release; and Staff Report

June 24, 2025

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International Monetary Fund. Middle East and Central Asia Dept. "Republic of Uzbekistan: 2025 Article IV Consultation-Press Release; and Staff Report", IMF Staff Country Reports 2025, 143 (2025), accessed June 25, 2025, https://doi.org/10.5089/9798229014755.002

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Summary

Uzbekistan has made remarkable progress in its transition to a market-oriented economy. Far-reaching economic reforms have transformed the economy and spurred capital inflows which, combined with buoyant remittances and favorable commodity prices, have driven robust growth. The authorities remain firmly committed to their reform agenda to entrench macro-financial stability, reduce the footprint of the state in the economy, and foster a vibrant private sector.

Subject: Contingent liabilities, Debt sustainability analysis, Expenditure, External debt, Foreign exchange, Inflation, Prices, Public and publicly-guaranteed external debt, Public debt, Public financial management (PFM)

Keywords: Contingent liabilities, Debt sustainability analysis, Government debt management, Inflation, Public and publicly-guaranteed external debt

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