Uzbekistan Discusses Economic Growth with IMF and World Bank

Tashkent, Uzbekistan (UzDaily.com) — A meeting was held on 14 May at the Ministry of Economy and Finance of the Republic of Uzbekistan with the participation of Deputy Prime Minister and Minister of Economy and Finance Jamshid Kuchkarov and representatives of several international financial institutions.

The meeting was attended by World Bank Regional Director for Central Asia Najy Benhassine, International Monetary Fund Mission Chief for Uzbekistan Yasser Abdih, IMF Resident Representative in Uzbekistan Koba Gvenetadze, Asian Development Bank Country Director for Uzbekistan Kanokpan Lao-Araiya, and a representative of the Asian Infrastructure Investment Bank, Hong Wei.

The parties discussed macroeconomic trends in Uzbekistan, the sustainability of economic growth, and priority directions for further development. It was noted that the country has maintained stable economic growth rates in recent years, and measures to sustain this momentum were reviewed.

Special attention was given to expanding cooperation with international financial institutions, implementing joint projects, and exchanging experience to accelerate economic development.

During the talks, key sectors were also discussed, including industry, infrastructure, agriculture, small and medium-sized businesses, transport, and logistics.

The parties also addressed human capital development, support for the IT sector and innovation, the introduction of artificial intelligence technologies, and regional development. Issues related to efficient water resource management and climate change adaptation were also discussed.

Representatives of international organizations highly praised the reforms being implemented in Uzbekistan and expressed readiness to continue expanding cooperation with the country.

Following the meeting, the parties agreed to further deepen cooperation and maintain regular exchanges of views on key areas of economic policy.