Uzbekistan and IMF Discuss Macroeconomic Reforms

Tashkent, Uzbekistan (UzDaily.com) — A meeting was held in Washington between Deputy Prime Minister and Minister of Economy and Finance of Uzbekistan Jamshid Kuchkarov and Director of the Middle East and Central Asia Department of the International Monetary Fund Jihad Azour during the Spring Meetings of the World Bank Group and the IMF.

The parties discussed the current state of cooperation between Uzbekistan and the International Monetary Fund and prospects for its further development.

Key attention was given to macroeconomic stability, reduction of inflationary pressures, strengthening fiscal discipline, and maintaining sustainable economic growth.

The talks also addressed the implementation of IMF recommendations under Article IV consultations, improvements in public debt management, deepening tax and customs reforms, and modernization of the pension system.

A separate segment focused on the impact of the geopolitical situation in the Middle East on Uzbekistan’s economy.

The sides exchanged views on possible effects on trade flows, transport routes, inflation dynamics, and food security.

At the conclusion of the meeting, both parties reaffirmed their readiness to further expand cooperation aimed at strengthening institutional frameworks, supporting reforms, and ensuring long-term economic stability in Uzbekistan.