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Central Bank of Uzbekistan, IMF discuss country’s macroeconomic outlook

The Central Bank of Uzbekistan (CBU) discussed the macroeconomic outlook in Uzbekistan with representatives of the International Monetary Fund (IMF), Trend reports.

The matter was reviewed at a meeting between CBU’s management and members of the IMF mission.

During the meeting, the sides discussed the monetary policy applied in Uzbekistan, the current state of the banking system, and indicators for the 8 months of the current year.

Both parties also reviewed the updated forecasts of the CBU based on the expected directions of macroeconomic development in the country.

As part of this IMF mission, meetings are expected to be held with a number of ministries and departments, as well as commercial banks.

Earlier, the CBU hosted the final meeting with representatives of the International Monetary Fund (IMF) mission on liquidity risk assessment and implementation of liquidity stress testing tools.

During the meeting, the sides discussed the prospects of Uzbekistan’s economic development, the state of banks’ liquidity, the development of approaches to monitoring bank liquidity, and the adopted methods of implementation of liquidity stress-testing tools.