The head of our state, expressing his satisfaction with the meeting, noted that the International Monetary Fund plays an important role in improving the situation in the world economy. 

The Fund supports economic reforms in our country. In May this year, the delegation of Uzbekistan held a meeting at the International Monetary Fund on monetary policy reforms. In July and September, experts of the fund visited Uzbekistan and exchanged views on economic reforms with the heads of ministries and departments. 

The Managing Director of the Fund congratulated the head of our state on successful implementation of economic and structural reforms in accordance with the Strategy of actions on five priority areas of development of the Republic of Uzbekistan in 2017-2021. 

Market mechanisms were introduced into currency circulation by the decree of the President of our country “On priority measures for liberalization of monetary policy” of September 2, 2017, which eliminated administrative barriers in the sphere and created equal opportunities for business entities. 

Christine Lagarde noted that particular importance attached to ensuring the stability of the economy and social life in the process of large-scale reforms implemented in Uzbekistan under the leadership of President Shavkat Mirziyoyev deserves high attention. 

Measures taken on supporting the state bodies and commercial banks in the process of currency reform, reducing tariffs in trade, protecting socially vulnerable segments of the population were considered. Special attention was paid to such further tasks as ensuring surplus execution of the State budget, radical improvement of tax administration and state statistics, ensuring stability of the banking system, liberalization of foreign trade policy. 

At the meeting, views were exchanged on expanding cooperation between Uzbekistan and the International Monetary Fund, improving the business environment and investment climate in our country. 

Christine Lagarde expressed readiness of the International Monetary Fund to support the measures implemented in the financial system of Uzbekistan by providing technical assistance and recommendations on issues of economic policy.