Ministry of Economy and Finance of the Republic of Uzbekistan

The meeting was attended by Thanos Arvanitis, Deputy Director of the IMF’s Middle East and Central Asia Department; Nodirbek Ochilov, Deputy Chairman of the Central Bank of the Republic of Uzbekistan; Jasur Karshibayev, Adviser to the Minister of Economy and Finance; and other relevant officials.

The discussions focused on economic and financial developments in Uzbekistan, the medium-term economic outlook, and prospects for further expanding mutually beneficial cooperation with the IMF.

In particular, the parties exchanged views on supporting the economic reforms underway in Uzbekistan, improving public financial management, and enhancing the effectiveness of fiscal policy.

The discussions also addressed the development of mechanisms for public expenditure reviews, budget planning and forecasting, and assessing the economic and social impact of fiscal policy, with the support of the IMF’s technical assistance.

Furthermore, the parties discussed key reform priorities, including the privatization and transformation of state-owned enterprises, pension system reform, improvements in tax and customs administration, and enhancing the effectiveness of monetary policy.

At the conclusion of the meeting, the parties agreed to further develop mutually beneficial cooperation and expand the exchange of views on the issues discussed.

PR and Communications Department
Ministry of Economy and Finance