Saidа Mirziyoyeva: S&P’s Revised Outlook Shows Trust in Uzbekistan’s Reforms

Saidа Mirziyoyeva, Assistant to the President of Uzbekistan, stated that the updated credit rating outlook by S&P reflects growing international confidence in the country’s reform agenda.

«Thanks to the efforts of the Head of State, Uzbekistan has become more attractive to foreign investors, which supports economic growth and directly improves citizens’ quality of life,» she noted.

Mirziyoyeva also added that, as the head of the working group on improving the country’s credit rating, she would continue efforts to further strengthen this indicator.

On May 23, S&P Global Ratings revised Uzbekistan’s sovereign credit rating outlook from ‘stable’ to ‘positive’. According to the agency, ongoing reforms and high gold prices are expected to support export growth and boost budget revenues.

Earlier, Kursiv Uzbekistan reported that the Eurasian Development Bank (EDB) had developed a macroeconomic model for Uzbekistan.