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Republic of Uzbekistan: 2021 Article IV Consultation-Press Release; and Staff Report; IMF Country Report No. 21/85; April 6, 2021PDF File
04/26/2021 | 03:53pm EDT
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Message : REPUBLIC OF UZBEKISTAN April 2021 with members, usually every year. In the context of the 2021 Article IV consultation with Uzbekistan, the following documents have been released and are included in this package: A Press Release. The Staff Report prepared by a staff team of the IMF for the Executive Board s consideration on lapse-of-time basis following discussions that ended on February 16, 2021 with the authorities of the Republic of Uzbekistan on economic developments and policies. Based on information available at the time of these discussions, the staff report was completed on April 6, 2021.
Date Time
IMF Executive Board Concludes 2021 Article IV Consultation with Republic of Uzbekistan
Washington, DC-April 22, 2021: The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with the Republic of Uzbekistan and considered and endorsed the staff appraisal without a meeting on a lapse-of-time basis [2] .
While the pandemic hit Uzbekistan’s economy especially hard in the first half of 2020 and inflicted considerable hardship, the recession was moderated by strong and timely containment and support measures. These included a forceful public health response and the deployment of a set of fiscal, monetary, and financial measures, made possible by substantial buffers owing to prudent macro-economic policies in preceding years, and thanks also to sizable international support. As a result, the economy rebounded sharply in the second half of the year and Uzbekistan was able to post positive overall growth in 2020, at a rate of 1.
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