TASHKENT – Podrobno.uz. Raising Uzbekistan's credit rating to investment grade by 2030 is a strategic goal of the republic, said Saida Mirziyoyeva, head of the Presidential Administration, commenting on Fitch Ratings' decision to upgrade the outlook on the country's sovereign credit rating from 'stable' to 'positive'.

Mirziyoyeva, who also chairs the working group on improving the sovereign credit rating, emphasized that the change is a sign of high trust from international investors. She noted that consistent reforms led by the head of state are gaining high recognition internationally, despite global instability and uncertainty in financial markets.

"It is especially important for us that these changes are recognized by our international partners... I want to emphasize that we will continue active cooperation with our partners," Mirziyoyeva said.

The Fitch decision follows last year's upgrade of Uzbekistan's sovereign rating to 'BB'. Analysts praised the country's continued reforms in the energy sector, fiscal discipline, and privatization processes despite challenging global conditions.

The 'positive' outlook serves as a strong signal to global financial markets. The improved trajectory will allow more efficient attraction of foreign capital and access to cheaper resources internationally, laying the foundation for social development and improved welfare.

Source: podrobno.uz