High-Level Summary Technical Assistance Reports

Republic of Uzbekistan: Review of Near-Term Forecasting Framework of the Central Bank of Uzbekistan

By Martin Fukac

June 12, 2025

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Martin Fukac. "Republic of Uzbekistan: Review of Near-Term Forecasting Framework of the Central Bank of Uzbekistan", High-Level Summary Technical Assistance Reports 2025, 025 (2025), accessed June 23, 2025, https://doi.org/10.5089/9798229012126.029

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Summary

This Technical Assistance followed a request by the Central Bank of Uzbekistan for a review of their nowcasting and near-term forecasting system. Over the past few years, the central bank has developed a nowcasting and near-term forecasting entirely with their own resources. The Central Bank’s management sought an external expert review and suggestions for further development, focusing on closer integration and expansion of the system with the established medium-term forecasting framework, policy analysis system, and the policy-advising process.

Subject: Economic and financial statistics, Economic forecasting, Human capital, Labor, Monetary policy, Monetary policy frameworks

Keywords: Data management practice, Forecasting framework, Human capital, Macroeconomic forecasting, Monetary policy frameworks, Near-term forecasting, Policy analysis capacity, Policy-advising process

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