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

May 19, 2020

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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, (USA: International Monetary Fund, 2020) accessed November 21, 2024

Summary

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.

Subject: COVID-19, Credit, Debt sustainability analysis, Expenditure, External debt, Government debt management, Health, Money, Public debt, Public financial management (PFM)

Keywords: COVID-19, CR, Credit, Debt sustainability analysis, Disbursement of SDR, Financing, Financing needs, Fiscal policy, Government debt management, ISCR, Macroeconomic outlook, State, State budget law, Uzbekistan's economy

Publication Details

Pages:

46
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/171
Stock No:

1UZBEA2020002
ISBN:

9781513544786
ISSN:

1934-7685

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