• KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.10879 -0.18%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.10879 -0.18%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.10879 -0.18%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.10879 -0.18%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.10879 -0.18%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.10879 -0.18%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.10879 -0.18%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28571 0.28%
  • KGS/USD = 0.01144 0%
  • KZT/USD = 0.00194 0%
  • TJS/USD = 0.10879 -0.18%
  • UZS/USD = 0.00008 -0%
  • TMT/USD = 0.28571 0.28%
15 December 2025

IMF estimates Uzbekistan’s GDP at Over $100 Billion

According to a recent assessment by the International Monetary Fund (IMF), Uzbekistan’s nominal GDP increased by $10.7 billion (125.6 trillion UZS) in 2023, and now stands at $101.6 billion (1,192.2 trillion UZS).

IMF analysts noted that the informal economy is a comprehensive direction. Changes in the structure of the country’s economy by sector were discussed after the socio-economic indicators were recalculated, taking into account the informal and hidden sectors.

Koba Gvenetadze, the IMF Resident Representative in Uzbekistan, said: “Uzbekistan is transforming its economy towards a market economy, and this is a long journey. We provide all possible assistance to our Uzbek colleagues in many areas of statistical calculation and analysis. The technical assistance that IMF experts can provide is also of interest to us because it will allow us to access data on the current state of statistics in the country. Based on this, we will see the dynamics of economic development.”

As stated in the report, more details about this study’s results will be announced at a press conference at the Agency for Information and Mass Communications on August 6th.

ADB to Provide $400 Million to Uzbekistan for Energy Reform

The Asian Development Bank (ADB) has approved two loans totaling $400 million to support the Government of Uzbekistan’s initiatives to strengthen the country’s financial markets and develop a sustainable market-oriented energy sector.

General Director of the ADB for Central and West Asia, Yevgeniy Zhukov emphasized that the active participation of the private sector is very important for Uzbekistan’s economic growth and transformation. “Reforms supported by these programs will help shape an enabling environment for regulators and firms to play their part in boosting development by building robust domestic financial markets and addressing energy needs while tackling climate change,” Zhukov stated.

A $300 million loan for subprogram 2 of the Power Sector Reform Program will provide budget support for policy actions to improve the power sector’s structure, legal and regulatory framework, and governance to encourage private sector investment and promote financial sustainability.

A $100 million loan for subprogram 2 of the Financial Markets Development Program will support regulatory and institutional reforms focused on improving market facilitation to streamline financial transactions and services and increase supply and demand measures to grow Uzbekistan’s capital and money markets.

The ADB had previously approved a $100 million soft loan to help Uzbekistan improve perinatal health services for pregnant women and newborns.

Uzbekistan became a member of the ADB in 1995, and since then, the bank has provided the country with loans, grants, and technical assistance totaling $12.5 billion.

Natural Disasters Have Cost Tajikistan $12 Million So Far This Year

The head of Tajikistan’s committee for emergency situations and civil defense, Rustam Nazarzada, has said at a press conference that the economic damage caused by natural disasters in the country this year has amounted to over $12 million.

Floods, landslides, heavy rains, avalanches, rockfalls, and earthquakes, which have claimed over 100 lives this year, have also caused considerable damage to Tajikistan’s economy and private sector. Nazarzoda said that 532 emergency cases were registered during this period, 57 more than last year.

Kyrgyzstan to Ban Plastic Bags

Following a ban of plastic bags in biosphere reserves and natural protected areas on June 1 2024, Kyrgyzstan is to prohibit their production, sale and distribution nationwide, from 2027 onwards.

Regarding the move, the Ministry of Natural Resources of the Kyrgyz Republic stated: “Plastic and the pollution it causes, is detrimental to human health. Plastic enters the human body as micro- and nano-particles through food, packaging, water, and air. Plastic waste continues to pollute the environment at the disposal stage, and waste disposal workers suffer, especially from close contact with burning plastic.”

Asel Raimkulova, Deputy Minister of Natural Resources, Ecology and Technical Supervision of Kyrgyzstan, told the Times of Central Asia that whilst the use of plastic products which can be recycled within the country is under review and likely to continue, the ban on plastic bags throughout the country is absolute.

Deputy ministers however, have opposed the use of plastic bottles but said that given the lack of alternatives available to Kyrgyz bottling companies, some exceptions will be made.

According to eco-activists, Kyrgyzstan has some 80 plants to recycle plastic but since seven out of ten supermarket products are now fully or partially packaged in plastic, they do not have the capacity to process the ever-increasing volume of waste.
“For example, in Kyrgyzstan, tetra paks—multi-layer juice or milk cartons that, at first glance, look like cardboard—are not recyclable. In addition to cardboard, such packaging contains a layer of aluminum and several layers of polyethylene. And separating them from each other is not easy,” stressed activists of the environmental movement Peshcom.

World Bank Supports Community-Driven Development in Kyrgyzstan

On July 31, the World Bank’s Board of Executive Directors approved $27 million for Kyrgyzstan’s National Community Initiatives Project (NCIP). The project aims to improve access to socioeconomic infrastructure and increase economic opportunities at a local level, focusing on women and youth.

Hugh Riddell, World Bank’s Country Manager for the Kyrgyz Republic, commented, “The National Community Initiatives Project builds on more than a decade of the Government’s successful community-driven development initiatives and aims to scale up, standardize, and deepen their impact. The project will also build the capacity of local governments to work effectively with communities on development priorities, ensuring a more prosperous future for all.”

The project will be implemented through 2029 by Kyrgyzstan’s Community Development and Investment Agency.

As part of the Village Climate-Resilient Infrastructure Investments component, the project will directly benefit rural populations in 40 Aiyl Aimaks (sub-districts), one per district across the country. Each selected sub-district will receive up to $450,000 for socioeconomic infrastructure identified through a participatory village needs assessment and decision-making process. Eligible infrastructure may include kindergartens, schools, health facilities, water supply systems, and other climate-adaptive investments such as renewable energy sources, energy-efficient street lighting, drip irrigation, and disaster preparedness.

Within the Grants for Climate-Smart Local Economic Development and Livelihood Activities component, 15 competitively selected sub-districts will receive grants of $200,000 to $300,000 for local economic development. The objective is to enhance economic opportunities, enabling businesses to launch or expand while creating jobs for women, youth, and vulnerable groups. Economic sub-projects will target agricultural processing, handicrafts, eco-tourism, and green enterprises.

The project will also finance comprehensive training for local self-government and communities in participatory needs assessment and planning; selection, management, and monitoring of village investments; climate change; and economic empowerment.

The project will also look to engage women and youth in local planning and investment processes, ensuring their priorities for regional infrastructure and livelihood investments (such as medical facilities, schools, and kindergartens) are addressed, and providing tailored training to strengthen women’s leadership in social and economic spheres. Support will also be offered for women’s entrepreneurship, the establishment of private childcare facilities, and targeted youth engagement opportunities.

Uzbek-Kyrgyz Expert Council Established to Support Joint Projects

Two state bodies affiliated to the governments of Uzbekistan and Kyrgyzstan have established the Uzbek-Kyrgyz Expert Council.

The Council, an initiative between the Institute for Strategic and Interregional Studies under the President of Uzbekistan and the National Institute for Strategic Initiatives under the President of the Kyrgyz Republic, was designed to support the high-level dialogue between the two countries.

The Council will pay particular attention to developing industrial, technological, cultural, and humanitarian cooperation between Kyrgyzstan and Uzbekistan.

It will also focus on promoting the initiatives of the heads of the two states, including the planned construction of the China-Kyrgyzstan-Uzbekistan railway and water and energy cooperation in the context of joint construction of the Kambarata hydropower plant (HPP)-1 in Kyrgyzstan. These initiatives will have a multiplier effect on developing the economies of all countries in the region.