Uzbekistan's economy is projected to grow by 6.5% in 2025, but achieving this target requires addressing a number of systemic issues. Experts from the International Monetary Fund (IMF) stress the need to deepen reforms to ensure sustainable economic growth.
One of the main challenges remains the high share of the state sector in the economy. Conditions must be created for private sector development, increased competition, and stronger anti-corruption efforts. According to IMF specialists, current measures in this area are insufficient.
Diversifying the export structure is also an urgent task. Currently, exports are dominated by raw materials and energy resources. The share of finished goods must be increased, and production of high value-added products should be developed.
Reducing inflation and improving the effectiveness of monetary policy are also high on the agenda. The central bank is forced to maintain a tight monetary policy to bring inflation back to the target corridor of 5-6%.
According to economists, the main drivers of Uzbekistan's economic growth could be investments, especially foreign investment inflows, and production modernization. However, this requires improving the legal guarantees and property rights protection system.
Source: uznews.uz