BAKU, Azerbaijan, April 7
By Jeila Aliyeva - Trend:
Uzbekistan's real GDP will grow by 5 percent in 2021 and by 5.3 percent in 2022, Trend reports citing the World Economic Outlook report of International Monetary Fund (IMF).
According to IMF, Uzbekistan’s real GDP grew by 1.6 percent in 2020, 5.8 percent – 2019 and 5.4 percent in 2018.
The IMF also forecasts Uzbekistan’s consumer prices to increase by 10.3 percent in 2021 and by 11.2 percent in 2022.
Uzbekistan’s current account balance will decrease by 6.4 percent in 2021 and by 5.9 in 2022.
As earlier IMF Mission Chief for Uzbekistan Ron van Rooden told Trend, International Monetary Fund (IMF) provides support to Uzbekistan’s economy through a variety of channels including policy advice, technical advice, and financing.
The IMF provided Uzbekistan with about $375 million in financing under its Rapid Credit Facility (RCF) and Rapid Financing Instrument (RFI) in May of 2020.
"While the economy is projected to gradually recover as the COVID-19 pandemic abates, uncertainty and risks remain large, the IMF will continue to work with the authorities, and with Uzbekistan’s other external partners, and stands ready to support Uzbekistan with policy advice, technical assistance, and financial assistance if needed," said IMF Mission Chief.
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