Views Exchanged with S&P Global Ratings Representatives on Economic Developments in Uzbekistan

During the meeting, the participants exchanged views on current economic trends in Uzbekistan, the key areas of ongoing reforms, and the country’s priority objectives for the coming period.

In particular, the parties discussed measures aimed at strengthening the sustainability of economic growth, achieving the targeted rates of GDP growth, ensuring long-term economic prospects, as well as reducing inflation and maintaining it at a sustainably low level.

The meeting also addressed ongoing reforms to strengthen fiscal management and further develop the country’s fiscal strategy. Particular attention was paid to the effective management of public finances, strengthening fiscal sustainability, and improving the efficiency of public resource allocation and use.

The discussions also covered the transformation of state-owned enterprises and banks, improving their operational efficiency and continuing privatization processes. The parties further discussed measures to develop the private sector, expand its role in the economy, and create conditions conducive to increased private-sector activity.

At the conclusion of the meeting, the parties agreed to further develop mutually beneficial cooperation and expand the exchange of views on the above-mentioned areas.