Tashkent, Uzbekistan, Sept. 22
By Demir Azizov- Trend:
The Asian Development Bank (ADB) has preserved the forecast for Uzbekistan's GDP growth for 2015 and 2016 at 7 percent and 7.2 percent respectively, according to the new Asian Development Outlook posted at ADB website Sept. 22.
It was earlier reported that in late March 2015 ADB forecasted Uzbekistan's economic growth at 7 percent in 2015 and 7.2 percent in 2016. The forecast for inflation in Uzbekistan has not been changed in the current review (compared to the previous one).
ADB forecasts that the inflation is projected to reach 9.5 percent in 2015 and 10 percent in 2016. ADB also preserved the forecast on the current account surplus at the level of 0.9 percent of GDP in 2015 and 1.1 percent of GDP in 2016.
It was earlier reported that the government of Uzbekistan plans to ensure 8 percent GDP growth and to maintain the inflation within 5.5 - 6.5 percent in 2015.
Uzbekistan became ADB member in 1995. Currently, it is the largest recipient of loans from this financial institution in Central Asia. ADB has allocated around $5 billion for the implementation of over 40 investment projects with the total estimated cost of over $14.5 billion.
Edited by CN