Statement by IMF Managing Director Christine Lagarde on Uzbekistan

IMF News, September 19, 2017

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Date: September 19, 2017
Press Release No. 17/359
IMF Communications Department; MEDIA RELATIONS; PRESS OFFICER: Randa Elnagar
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
Ms. Christine Lagarde met Mr. Shavkat Mirziyoyev, President of the Republic of Uzbekistan, in New York.

“It was a pleasure to meet President Mirziyoyev and his delegation. Uzbekistan’s authorities are embarking on ambitious reforms, spearheaded by the recent foreign exchange reform. We very much welcome these initiatives, which are vital to strengthening the economy, creating more jobs, and achieving sustainable and inclusive growth.”
“I congratulated President Mirziyoyev on his initiatives to improve regional cooperation with Uzbekistan’s neighbors. Regional cooperation is much needed to deal with the region’s biggest challenges, such as sharing water resources, creating an efficient regional energy grid, and facilitating transportation.”
“Uzbekistan’s reform journey will be challenging and long. I reiterated the Fund’s commitment to partner with Uzbekistan in its journey to put the economy on a higher growth path and achieve better living standards for its people.”

Foreign exchange reform (described as “recent foreign exchange reform”)
Strengthening the economy
Creating more jobs
Achieving sustainable and inclusive growth
Improving regional cooperation on:
- Sharing water resources
- Creating an efficient regional energy grid
- Facilitating transportation

The Fund “very much welcome[s]” Uzbekistan’s reform initiatives.
The Fund is committed “to partner with Uzbekistan in its journey to put the economy on a higher growth path and achieve better living standards for its people.”

Press Release No. 17/359, September 19, 2017 — IMF Communications Department.