BAKU, Azerbaijan, September 30. Uzbekistan and
S&P Global Ratings discussed the country’s economic outlook,
ongoing reforms and fiscal policy priorities during a meeting
between S&P Global Ratings representatives and Deputy Prime
Minister and Minister of Economy and Finance Jamshid Kuchkarov on
Sept. 29 in Tashkent.
This was reflected in the statement by the Ministry of Finance
and Economy of Uzbekistan.
The sides reviewed current economic trends in Uzbekistan,
measures to sustain economic growth, meet targeted GDP growth rates
and strengthen the country’s long-term economic prospects,
according to Uzbekistan’s Ministry of Economy and Finance.
Particular attention was given to efforts to reduce inflation
and maintain it at a sustainably low level.
The meeting also focused on reforms aimed at strengthening
fiscal management and further developing Uzbekistan’s fiscal
strategy. The sides discussed public finance management, fiscal
sustainability and improving the efficiency of public resource
allocation and use.
Moreover, the parties reviewed the transformation of state-owned
enterprises and banks, including measures to improve their
operational efficiency and advance privatization processes.
“The discussions focused on strengthening sustainable economic
growth, fiscal sustainability and the role of the private sector in
Uzbekistan’s economic development,” the ministry said, summarizing
the meeting.
Additionally, the sides discussed measures to expand the role of
the private sector in the economy and create conditions for greater
private-sector activity.
At the end of the meeting, the parties agreed to further develop
mutually beneficial cooperation and continue exchanging views on
economic reforms, fiscal policy, privatization and private-sector
development.
