Mirziyoyev Reviews Measures to Curb Inflation and Boost Economic Growth

Tashkent, Uzbekistan (UzDaily.com) — President of Uzbekistan Shavkat Mirziyoyev was briefed on the implementation of measures to curb inflation and ensure macroeconomic stability, as well as on the key objectives for 2026.

It was noted that a consistent policy of saturating the domestic market and controlling inflationary factors supports sustainable economic growth, strengthens the national currency, and reduces inflation.

As of 1 November 2025, the annual inflation rate stood at 7.8 percent, compared to 10.2 percent a year earlier.

Plans for 2026 aim to reduce this rate to 7 percent, with further stabilization at 5 percent by 2027. Achieving these targets will involve a particular focus on stimulating the supply of goods and services in the domestic market.

Specifically, next year commercial banks are expected to increase financing for projects in the agricultural sector, food industry, and service sector, as well as implement measures to stabilize prices of essential food products.

The head of state was informed that total lending to the economy in 2026 is projected to reach 450 trillion soums, supporting high rates of economic growth and employment.

Since the beginning of 2025, micro, small, and medium enterprises have already received 116 trillion soums in loans, 1.4 times higher than the previous year.

At the community (“mahalla”) level, business initiatives have been supported for 89,000 people with allocations totaling 1.1 trillion soums, with plans to increase this number to 100,000 by the end of the year.

In 2026, further poverty reduction and active involvement of the population in entrepreneurial activities are planned. Credit support for micro, small, and medium enterprises is expected to increase to 140 trillion soums, benefiting an additional 100,000 individuals.

In conclusion, the President emphasized that the primary goal of banking and financial policy is to create a stable financial environment for the population and businesses, strengthen trust in the banking system, and promote healthy competition in the financial market.

Responsible officials were given additional instructions to curb inflation, support entrepreneurial initiatives, and ensure the country’s macroeconomic stability.