TASHKENT, Uzbekistan, September 7. Uzbekistan and International Monetary Fund (IMF) discussed widespread implementation of advanced and successful global experience in the development of tax administration, Trend reports.
The matter was reviewed during a meeting between the Deputy Prime Minister, Minister of Economy and Finance of Uzbekistan Jamshid Kuchkarov with representatives of the delegation of the IMF headed by Senior Economist Vincent de Paul Kukpaizan.
During the meeting, the parties discussed the large-scale reforms being carried out in Uzbekistan, in particular, the improvement of the tax system within the framework of reforms, including regulation and further development of the sphere of tax administration, improving the quality of tax services, and the fight against the shadow economy.
The sides also reviewed development of digital technologies, as well as cooperation in this area.
Following the meeting, the participants agreed to develop and expand mutually beneficial cooperation, as well as to carry out systematic activities to achieve the set goals in the above-mentioned areas.
Meanwhile, the Central Bank of Uzbekistan hosted the final meeting with representatives of the IMF mission on liquidity risk assessment and implementation of liquidity stress testing tools.
During the meeting, the sides discussed the prospects of Uzbekistan's economic development, the state of banks' liquidity, the development of approaches to monitoring bank liquidity, and the adopted methods of implementation of liquidity stress-testing tools.