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Middle East and Central Asia > Uzbekistan, Republic of

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Cover IMF Working Papers
Reported Social Unrest Index: August 2023 Update
Mr. Philip Barrett
and
Euihyun Bae
This paper is the second update of the Reported Social Unrest Index (Barrett et al. 2022), outlining developments in global social unrest since March 2022. It shows that the fraction of countries experiencing major social unrest events has been stable. Reasons for social unrest can be broadly categorized as stemming from sdebate over constitutional issues, protests connected to specific policies, and other generalized disorder.
Keywords:
attempts to proxy; fraction of country; copyright page; update of the Reported Social Unrest Index; IMF surveillance; Pension spending; Machine learning; Pension reform; Stock markets; COVID-19; Global
Cover Policy Papers
2021 Comprehensive Surveillance Review— Background Paper on Traction
International Monetary Fund. Strategy, Policy, & Review Department
This paper presents traction as a multidimensional concept and discusses a comprehensive and complementary set of approaches to attempt to measure it based on the Fund’s value added to policy dialogue and formulation and public debate in member countries.
Keywords:
article IV advice; fund policy advice; fund advice; policy dialogue; IMF's transparency policy; COVID-19; Income; Financial Sector Assessment Program; Financial sector stability; Machine learning; Global
Cover IMF Staff Country Reports
Republic of Uzbekistan: 2021 Article IV Consultation-Press Release; and Staff Report
International Monetary Fund. Middle East and Central Asia Dept.
Uzbekistan embarked on an ambitious reform path in 2017, starting to liberalize its economy after years of state control. Incomes are still relatively low compared to other emerging economies. Uzbekistan entered the COVID-19 crisis with relatively strong macro-economic fundamentals.
Keywords:
Policy discussion; government transparency; Policy recommendation; IMF's transparency policy; macro-economic policies; Budget planning and preparation; Public and publicly-guaranteed external debt; COVID-19; Global
Cover IMF Staff Country Reports
Republic of Uzbekistan: Requests for Disbursement under the Rapid Credit Facility and Purchase under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Uzbekistan
International Monetary Fund. Middle East and Central Asia Dept.
This paper examines Republic of Uzbekistan’s Requests for Disbursement Under the Rapid Credit Facility (RCF) and Purchase Under the Rapid Financing Instrument (RFI). The coronavirus disease 2019 pandemic is significantly impacting Uzbekistan’s economy, reducing growth, and creating additional external and fiscal financing needs. IMF financial assistance under the RCF and the RFI, along with support from other multilateral institutions, will help cover Uzbekistan’s fiscal and balance of payments needs and mitigate the impact on its foreign exchange reserves. It will also provide resources to support increased crisis spending for healthcare, social protection, and public support for affected firms and households. Uzbekistan aims to continue implementing its structural reform agenda, to complete the transformation to a modern, open market economy, and to improve governance and public management. It has committed to safeguard the use and improve the efficiency of its public resources by increasing transparency and accountability.
Keywords:
ISCR; CR; financing; fiscal policy; state; financing needs; State budget law; Uzbekistan's economy; disbursement of SDR; macroeconomic outlook; Credit; Debt sustainability analysis; Government debt management; COVID-19
Cover IMF Staff Country Reports
The Kyrgyz Republic: Poverty Reduction Strategy Paper
International Monetary Fund. Middle East and Central Asia Dept.
This Poverty Reduction Strategy Paper on Kyrgyz Republic highlights that the period 2009 through filled with symbolic events marked a new milestone in the Kyrgyz Republic development and will enter the country’s history as the period of strength test for the Kyrgyz statehood and entire public administration system including socio-political, economic, environmental, financial and other areas of development management. The country development background during that period included the world financial crisis and growing uncertainty on world markets which created risks for all market actors including the Kyrgyzstan’s key trade partners such as Russia, Kazakhstan, and China. The government officially declared the country’s sustainable development-oriented policy. For Kyrgyzstan as a country with its still high poverty level, particularly in rural areas, and limited natural and financial resources, the sustainable development policy seems today’s logically and politically justified choice. The sustainable development model itself suggests striving for systemic, comprehensiveness, and balance in development. Transition to sustainable development suggests considering economic growth through the prism of human values and reasonable use of natural resources.
Keywords:
ISCR; CR; Kyrgyz Republic government; staff training; community development; customs union; education system; feasibility study; foreign trade; government regulation; labor market; national budget; sustainable development; value chain; economic system; civil society; risk management; Sustainable development; Global; Central Asia
Cover Japan Administered Account for Selected IMF Activities (JSA)--Annual Report for Fiscal Year 2008
Japan Administered Account for Selected IMF Activities (JSA)--Annual Report for Fiscal Year 2008
International Monetary Fund

Abstract

This paper reports a brief description of the IMF and its activities, focusing in particular on its technical assistance (TA) activities. The report then describes in greater detail the Japan Administered Account for Selected Fund Activities (JSA)—including its objectives, size, scope, and use, as well as assessments of its activities, with a focus on fiscal year (FY) 2008—and the TA activities and scholarship programs that it finances. The IMF finances technical assistance for its member countries, devoting some 25 percent of its annual operating budget to TA work and training. Although most technical assistance is financed through internal resources, external financing from bilateral and multilateral partners has been increasing over the past few years and constitutes an important pillar. The responsibilities of the Regional Office in Tokyo include collaborative efforts between the IMF and Japan that strengthen economic prospects in the Asia-Pacific region, and also include support of various regional policy forums, such as Asia-Pacific Economic Cooperation, the Association of Southeast Asian Nations, and the Pacific Islands Forum.

Keywords:
MISC RPT; MISC; IMF's technical assistance; structural adjustment program; TA activity; Japan's contribution; policy dialogue; balance of payments difficulty; Tax law; Capital markets; Monetary statistics; Financial sector; Asia and Pacific; Central America; Central Asia; Global; Africa
Cover IMF Staff Country Reports
Republic of Uzbekistan: Poverty Reduction Strategy Paper: Joint Staff Advisory Note
International Monetary Fund
The Joint Staff Note (JNS) reports that Welfare Improvement Strategy (WIS) showed a commendable effort under the Poverty Reduction Strategy Paper (PRSP) in Uzbekistan. They stressed that implementation capacity within the government would have to be strengthened. Executive Directors agreed that strong implementation of the WIS and strengthening of WIS policy analysis and design would help reduce poverty and achieve the Millennium Development Goals (MDGs). They stressed the need for contributing toward the cost of programs and policies, establishing methods and institutions for its monitoring and evaluation, and providing technical assistance for raising the standards of WIS formulation and implementation.
Keywords:
ISCR; CR; government; WIS documents poverty trend; WIS agenda; WIS policy analysis; income poverty diagnosis; gradualist approach; poverty analysis; government of the Republic of Uzbekistan; WIS lack specificity; state intervention; Poverty reduction; Poverty reduction strategy; Structural reforms
Cover IMF Staff Country Reports
Republic of Uzbekistan: Poverty Reduction Strategy Paper
International Monetary Fund
The Welfare Improvement Strategy (WIS) of Uzbekistan has the objective of improving living standards of its people with the help of strong economic policies for all priority areas of development. The report reviews economic and social policies and assesses the living standards of its people. It also reviews the macroeconomic policies for implementing goals and priorities of the WIS in individuals and estimates the cost for the same. Studies show the need for forming a conceptual framework for the WIS implementation process as well as for monitoring and evaluating the policy strategies.
Keywords:
ISCR; CR; economic growth; medical care; private sector; public utility; gross domestic product; poverty rate; economic policy; Income; Global; Central Asia
Cover IMF Staff Country Reports
Republic of Uzbekistan: Interim Poverty Reduction Strategy Paper-Joint Staff Advisory Note
International Monetary Fund
This Joint Staff Advisory Note (JSAN) examines Uzbekistan’s Interim Welfare Improvement Strategy Paper (I-WISP) for 2005–10. The I-WISP for 2005–10 is the first comprehensive economic and social strategy document presented by the Uzbek authorities. It builds on several medium-term sectoral strategies, including the Production Localization, National Personnel Training, School Education Development, and Health Care Reform Programs. This JSAN provides guidance to the authorities on priority strategic issues to be addressed as they move forward with the preparation of a full Welfare Improvement Strategy Paper.
Keywords:
ISCR; CR; state; I-WISP; policy; full WISP; reform program; state interventionism; state order; policy measure; state order price; state plan; Poverty reduction strategy; Poverty reduction; Medium-term budget frameworks
Cover IMF Staff Country Reports
Republic of Uzbekistan: Interim Poverty Reduction Strategy Paper
International Monetary Fund
This paper reviews Uzbekistan’s Interim Welfare Improvement Strategy Paper (I-WISP). I-WISP defines the main directions and measures aimed at improving living standards and reducing poverty among the population of Uzbekistan for 2005–10. The strategy is designed to further expand reforms in all aspects of life in the society based on the national model of economic and social development, the social values of the people of Uzbekistan, and their commitment to the processes of integration into the world community.
Keywords:
ISCR; CR; economic policy; job creation; public utility; steering committee; economic growth; private sector; small business; foreign trade; economic development; working group; civil society; Employment; Central Asia