## Republic of Uzbekistan: Selected Issues

_IMF Staff Country Reports, June 24, 2025_

## Source details

**Canonical URL:** [Republic of Uzbekistan: Selected Issues](https://www.imf.org/en/publications/cr/issues/2025/06/23/republic-of-uzbekistan-selected-issues-567982)

## Other formats

- [Markdown version](/en/publications/cr/issues/2025/06/23/republic-of-uzbekistan-selected-issues-567982/index.md)
- [Structured JSON version](/en/publications/cr/issues/2025/06/23/republic-of-uzbekistan-selected-issues-567982/index.json)
- [Bundle manifest](/en/publications/cr/issues/2025/06/23/republic-of-uzbekistan-selected-issues-567982/bundle-manifest.json)

## Bibliographic details
- Published: June 24, 2025
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798229014939.002

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### Executive summary and objective
- The paper compares the speed and sequencing of Uzbekistan’s transition reforms with those of other transition countries to inform Uzbekistan’s reform process going forward.
- It draws on academic literature and transition country experiences to identify strengths and weaknesses to guide reform implementation in Uzbekistan.

### Key areas of progress
- Macroeconomic stabilization.
- Trade and exchange rate liberalization.
- Price liberalization.
- Small-scale privatization.
- The paper notes that the "speed and sequencing of transition reforms are similar to that of other successful transition economies" in the areas above.

### Main challenges identified
- Reform and privatization of large state-owned enterprises (SOEs).
- Establishment of a competitive environment with easy market entry and exit.
- Reduction and transformation of the role of the state in the economy.

### Policy recommendations and priorities going forward
- Entrench macroeconomic stability.
- Complete price and trade liberalization.
- Harden budget constraints for state-owned enterprises (SOEs) and state-owned commercial banks (SOCBs).
- Strengthen SOE and SOCB corporate governance.
- Accelerate SOE and SOCB privatization.
- Refocus the state’s role to be an enabler of an environment conducive to private sector development.

### Document metadata (selected)
- Publication date: June 24, 2025
- Pages: 41
- Issue: 144
- Series: Country Report No. 2025/144

*Republic of Uzbekistan: Selected Issues (IMF Staff Country Report, June 24, 2025).*

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## Content in this bundle

- **Republic of  Uzbekistan: Selected Issues; IMF Country Report No. 25/144; May 30, 2025**
  - [Republic of  Uzbekistan: Selected Issues; IMF Country Report No. 25/144; May 30, 2025 (Markdown version)](/-/media/files/publications/cr/2025/english/1uzbea2025002-print-pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Republic of  Uzbekistan: Selected Issues; IMF Country Report No. 25/144; May 30, 2025 (PDF)](/-/media/files/publications/cr/2025/english/1uzbea2025002-print-pdf.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2025/06/23/republic-of-uzbekistan-selected-issues-567982_