"Our reserves are enough to cover the losses of some industries while they adapt to new conditions. The inflation will be the major concern. It is clear that the soum’s free float will prompt price rises for some goods, partly due to outflow of Uzbek goods, as a weaker soum will make Uzbek goods more competitive, " Uzbek Deputy Minister of Economy Shukhrat Ismailov said today at an international press club meeting.
An International Monetary Fund (IMF) mission led by Mr. Albert Jaeger visited Tashkent during July 17–24, 2017, to discuss economic developments and the authorities’ reform plans. At the conclusion of the visit, the mission issued the following statement.
The Ministry of Finance of Uzbekistan has developed a draft concept for development of the Uzbekistan’s financial markets for medium and long term. The document is published on the portal for discussion of normative legal acts.
The European Union and the Government of Uzbekistan signed today an agreement of EUR 21.5 million for the Horticulture Development Project, which aims to enhance the productivity and profitability of the horticulture sector in the country.
Managing Director of the International Monetary Fund (IMF) Christine Lagarde expressed her support to Uzbekistan's efforts to reform the economy.
The President of Uzbekistan by his resolution of July 13 dismissed Tatyana Guskova from the post of First deputy finance minister due to retirement, the Presidency website reported.
At Uzbek Foreign Ministry was held a teleconference with experts of the European Investment Bank (EIB), the Uzbek Foreign Ministry said.
On 5 July 2017, the Asian Development Bank (ADB) and the Invest Finance Bank (InFin Bank) signed an agreement enabling cooperation to support trade in Uzbekistan through ADB’s Trade Finance Program (TFP).