Republic of Uzbekistan: 2008 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Uzbekistan
Volume/Issue:
Volume 2008
Issue 235
Publication date: July 2008
ISBN: 9781451839852
$20.00
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Business and Economics , Banks and Banking , Exports and Imports , Inflation , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , consultation informational annex , consultation , Uzbek economy , Uzbekistan , foreign direct investment inflow , Uzbek authorities , U , S , dollar , broad money growth , Inflation , Fiscal stance , Global , article IV consultation discussion , IMF office , Budget planning and preparation
Summary
This 2008 Article IV Consultation highlights that the Uzbek economy has performed well in recent years. The favorable external environment and improvements in macroeconomic policies resulted in high growth rates, large current account surpluses, a significant decline in the debt burden, and a more than quadrupling of foreign exchange reserves from 2003 to 2007. Executive Directors have commended the authorities for Uzbekistan’s continued strong economic performance, which has benefited from a generally favorable external environment and an improved policy framework.
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