Translated with AI from the Russian original.

Uzbekistan intends to achieve an investment grade credit rating and complete its accession to the World Trade Organization. This was stated by Deputy Prime Minister – Minister of Economy and Finance Jamshid Kuchkarov at the Silk Road Finance & Technology Forum in Tashkent.

According to him, the country's economy has grown significantly in recent years: average annual GDP growth rates were about 6–7%, and the economy's volume increased from approximately $60 billion to $180 billion. GDP per capita grew from $1900 to $4600, allowing Uzbekistan to enter the group of upper-middle-income countries.

The authorities also expect to continue reducing inflation. In 2026, it is expected to be around 6.5%, and in 2027, the government intends to approach the target of 5%. Public debt remains at approximately 27% of GDP, and the budget deficit has remained below 3% in recent years.

Kuchkarov named obtaining an investment rating, completing the WTO accession process, further reducing state presence in the economy, and continuing market reforms as key tasks. The authorities expect this to strengthen the role of private business and increase the country's attractiveness for foreign investors.

Special attention is paid to the financial sector and fintech. The government plans to create a competitive and accessible financial system, more closely integrated with the global economy. According to Kuchkarov, the development of financial technologies will help accelerate capital movement and expand access to financial services for businesses and the population.

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