Uzbekistan: 2012 Article IV Consultation
IMF Staff Country Reports, September 5, 2013
Source details
- Canonical URL
- Uzbekistan: 2012 Article IV Consultation
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Bibliographic details
- Published: September 5, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484321614.002
Summary and macroeconomic context
- Uzbekistan has been experiencing strong momentum in economic growth supported by sustained public investment and increased prices for commodity exports.
- The IMF report emphasizes that easing the restrictiveness of the foreign exchange and trade regimes is important because current restrictions:
- Impede the development of the financial and private sectors.
- Distort resource allocation.
- Improving economic data quality and transparency is identified as a high-priority item in the action list.
Main findings and policy implications
- Findings:
- Strong economic growth driven by sustained public investment and higher commodity export prices.
- Restrictive foreign exchange and trade regimes act as a drag on financial sector development and private sector activity.
- Economic data quality and transparency are insufficient and require improvement.
- Policy recommendations:
- Ease restrictions in the foreign exchange regime.
- Ease restrictions in the trade regime.
- Prioritize measures to improve economic data quality and transparency.
Content in this bundle
- Republic of Uzbekistan: 2012 Article IV Consultation; IMF Country Report 13/278; February 1, 2013