New data shows slower borrowing pace as multilateral lenders remain Uzbekistan’s biggest creditors
The ministry also set a lower cap of on foreign borrowing
The pace of debt growth is slowing
The fiscal deficit is forecast at 3% of GDP
Fergana saw the highest annual inflation
The fund also praised Uzbekistan’s progress towards joining the WTO
Growth was supported by increased investment and strong consumer demand
GDP is expected to grow by 7% this year
Russia will finalise the discussions by the end of the year
261 officials responsible for poverty reduction targets have been dismissed
Uzbekistan needs to finalise terms with only two states
The lowest forecasts were in Fergana at 10.4%
Discussions remain with three additional countries
He underlined that the region sits in what he called a “difficult neighbourhood”
The main drivers of growth were industry, construction and services
Food and non-food inflation eased to 6.1%
Central Bank said it would maintain a tight monetary policy
Inflation is projected at 8.6–8.7% in 2025
The reforms aim to align national laws with international trade and investment norms
He also urged the swift adoption of the Treaty on Strategic Partnership
Takaichi has previously served as minister for economic security
Uzbekistan recorded 7.2% economic growth in H1 2025