IMF reveals forecast on economical growth in Uzbekistan
Baku, Azerbaijan, March 15
By Fikret Dolukhanov – Trend:
Uzbek economy will grow by roughly 5 percent in 2018-2019, Uzbek media reported referring to the forecast of the International Monetary Fund.
The data was revealed as a result of the visit of the IMF delegation headed by Albert Jaeger to Uzbekistan.
The Fund’s specialists believe that Uzbekistan will need a favorable foreign economic conjuncture and continuation of ongoing economic reforms to keep the figures up.
The IMF mission in Uzbekistan especially underlined in its report that considerable changes in all spheres are present and acknowledged by foreign observers. The Fund’s representatives noted that the world community highly assesses the Uzbek government’s commitment to carrying out key reforms on liberalization of economy.
The IMF added that Uzbekistan purposefully commenced reforms aimed at solving the immediate problems in the country, such as shortage of jobs.
That creates a unique opportunity for Uzbekistan to realize its plans and to achieve status of a country with above-average income levels in mid-term.
The Mission underlined that Uzbekistan, actively carrying out reforms, could become a catalyst of changes and prosperity in the region, because considering large population and the geographical position of the country, it has always been an economical core of the Central Asia.
Sustainable progress of transformations in Uzbekistan, according to the IMF, will promote the regional trade, creation of regional supply chains, as well as restoration of interrelated regional energy and transport networks.