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Middle East and Central Asia > Uzbekistan, Republic of

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Cover Technical Assistance Reports
Republic of Uzbekistan: Technical Assistance Report-Macro Stress Testing of the Uzbek Banking Sector
International Monetary Fund. Monetary and Capital Markets Department
The Technical Assistance (TA) mission, conducted in Tashkent, Uzbekistan, from August 21 to 31, 2023, assisted the Central Bank of Uzbekistan’s (CBU) authorities in developing their stress testing (ST) framework for the banking sector. This TA was the second of a multi-mission TA project following on the recommendations of the 2020 Financial Sector Stability Review (FSSR). This mission duly assessed the progress on the implementation of the previous mission (2022) that had introduced a multi-horizon ST tool based on explicit macroeconomic scenarios along with a credit risk satellite model. The purpose of this mission was to build on the earlier work and further strengthen the capacity of the Financial Stability Department (FSD) staff to carry out stress tests and thus assess the resilience of the Uzbek banking system. The high-level objectives of the mission encompassed improving performance of the credit risk and profit & loss satellite models, providing training on ST scenario design with working procedures for cross-departmental collaboration, and setting up guidelines to operate, maintain and improve the ST toolkit and communicate the results with senior management and general public.
Keywords:
Stress testing; macroprudential stress testing; credit risk; solvency risk; bank solvency stress testing; scenario design; financial stability; financial stability report; satellite models; Uzbekistan; Central Bank of Uzbekistan.; operating expenses; IMF's Monetary; donor partner; request of the Central Bank of Uzbekistan; Uzbek banking system; Nonperforming loans; Loans; Credit; Mortgages; Global
Cover Technical Assistance Reports
Republic of Uzbekistan: Technical Assistance Report-Report on National Accounts Mission (July 24–August 4, 2023)
International Monetary Fund. Statistics Dept.
A technical assistance mission assisted the Statistics Agency under the President of the Republic of Uzbekistan (SA) in conducting a major revision of national accounts time series. Based on the results of the 2023 survey on non-observed economy (NOE) in hotels, restaurants, and other services, the 2024 major revision increases the nominal GDP for 2017–2023 in the range of 10–12 percent. The mission reviewed the results of the 2024 major revision and provided recommendations for improvement before their publication. These improvements to data and methods will improve the understanding of the Uzbekistan economy, both for domestic policymaking and international surveillance.
Keywords:
National accounts; GDP; major revision; non-observed economy.; World Bank staff; TA recipient; steering committee of CCAMTAC; SUT data; SA staff; Consumption; Agricultural commodities; Household consumption; Economic classification
Cover Technical Assistance Reports
Republic of Uzbekistan: Technical Assistance Report-Report on National Accounts Mission (April 8-12, 2024)
International Monetary Fund. Statistics Dept.
A technical assistance mission assisted the Statistics Agency under the President of the Republic of Uzbekistan (SA) in conducting a major revision of national accounts time series. Based on the results of the 2023 survey on non-observed economy (NOE) in hotels, restaurants, and other services, the 2024 major revision increases the nominal GDP for 2017–2023 in the range of 10–12 percent. The mission reviewed the results of the 2024 major revision and provided recommendations for improvement before their publication. These improvements to data and methods will improve the understanding of the Uzbekistan economy, both for domestic policymaking and international surveillance.
Keywords:
National accounts; GDP; major revision; non-observed economy.; IMF-to-IMF executive directors; World Bank staff; SA staff; instrumentalities of the CD recipient; non-observed economy; Small and medium enterprises