IMF Praises Uzbekistan's Economic Transformation

The International Monetary Fund is upbeat on Uzbekistan’s economic liberalization drive but cautions that much remains to be reformed before Tashkent can realize its goal of qualifying for World Trade Organization membership. Since Shavkat Mirziyoyev assumed the presidency in 2016, Uzbekistan has averaged 5.7 percent GDP growth annually, while achieving year-on-year employment growth of about 3.6 percent, the IMF states in its latest country report for Uzbekistan. The growth rate is projected to hover around 6 percent over the next few years.…