BAKU, Azerbaijan, June 29. Uzbekistan's Deputy
Prime Minister and Minister of Economy and Finance met with
International Monetary Fund (IMF) Deputy Managing Director to
discuss the country's macroeconomic outlook, ongoing economic
reforms and closer cooperation with the Washington-based
lender.


This was reflected in the statement by the Ministry of Economy
and Finance of Uzbekistan, following the meeting between
Uzbekistan's Deputy Prime Minister and Minister of Economy and
Finance, Jamshid Kuchkarov and International Monetary Fund (IMF)
Deputy Managing Director Bo Li on June 29.


The meeting took place on the sidelines of the 2026 IMF and
World Bank Constituency Meeting and was attended by Central Bank
Chairman Timur Ishmetov and officials from Uzbekistan's Ministry of
Economy and Finance.


The discussions focused on Uzbekistan's economic performance,
including GDP growth, efforts to curb inflation, maintain fiscal
stability and advance structural reforms aimed at strengthening the
country's long-term growth prospects.


The two sides also reviewed Uzbekistan's cooperation with the
IMF under the Article IV consultation process, which provides
policy recommendations and regular assessments of member countries'
economic conditions.


According to Uzbekistan's Ministry of Economy and Finance,
officials highlighted recent reforms to strengthen macroeconomic
stability, improve public financial management, modernize tax
administration, reform the banking sector and accelerate the
privatization of state-owned enterprises.







The parties also discussed the outcomes of the Tashkent
International Investment Forum, efforts to improve the investment
climate and measures to expand private-sector participation in
infrastructure and other strategic sectors of the economy.


"Strong institutions, sound fiscal policy, reliable
infrastructure and investment in human capital are essential
foundations for sustainable long-term economic growth," Bo Li said
during the meeting.


He also stressed the importance of expanding private-sector
activity, improving the efficiency of public spending and further
modernizing Uzbekistan's tax system to generate additional fiscal
resources for education, healthcare and other social programs.


According to the ministry, the meeting concluded with an
agreement to strengthen dialogue and expand technical cooperation
between Uzbekistan and the IMF.


The discussions come as Uzbekistan continues to implement
wide-ranging economic reforms aimed at liberalizing the economy,
attracting foreign investment and strengthening fiscal and
financial institutions. The IMF has consistently supported the
country's reform agenda through policy advice and technical
assistance, while encouraging continued progress in fiscal
discipline, financial sector modernization and private-sector-led
growth.