IMF Staff Country Reports

Republic of Uzbekistan : 2019 Article IV Consultation-Press Release and Staff Report

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

May 9, 2019

Electronic Access:

Free Full Text. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Given its bulging working-age population, creating more and better jobs is the country’s overarching priority. Uzbekistan has already implemented a first wave of important economic reforms, including foreign exchange liberalization, tax reform, and a major upgrade in statistics. Faced with a vast structural reform agenda, the authorities want to prioritize reforms that address the economy’s most damaging distortions first. The main short-term macroeconomic stability challenge is to prevent a credit boom that could generate excessive external deficits and aggravate inflation pressures.

Series:

Country Report No. 19/129